Volga | Telecoms, media

Broadcaster STS eyes NN's Volga takeover

30 Jun '08
Moscow-based broadcaster STS Media is to buy out Nizhny Novgorod-based independent TV broadcaster Volga, it is reported.

Both parties have so far refused to comment on the buyout price, though it is rumored to be around $21.5m.

Sergey Laptev, Volgaís first deputy CEO said, that final decisions concerning the deal would be made in August 2008.
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Tags: STS (76) / Volga (290) / TV (253) / Sergey Laptev (0) /

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