Siberia | Telecoms, media

Prof-Media pays $5m for Novosibirsk radio stations

25 Sep '08
Moscow broadcasting corporation Prof-Media has announced the purchase of two Novosibirsk broadcasting companies, the firm said earlier today.

Its new assets are Charles that broadcasts radio programs of Avtoradio in Novosibirsk, and Energiya, a local Europa Plus broadcaster.

The parties have refrained from disclosing the deal's value. Market players, however, tend to believe that Prof-Media has paid between $2.5m and $2.8m for each of the companies.

In 2007 Prof-Media already bought two stations in Novosibirsk broadcasting programs of Yumor FM and Radio Record.

As part of its expansion strategy Prof-Media is seeking to buy regional stations broadcasting programs of such national radio station as Avtoradio, Yumor FM, Energy and Radio Alla, a source in the company said.

Currently the company owns 13 stations outside Moscow in cities like St Petersburg, Perm, Samara, Rostov-on-Don and Ekaterinburg.
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Tags: radio (65) / Energiya (3) / Prof Media (1) / Charles (1) / Yumor FM (0) / Radio Record (0) / Europa Plus (0) / Avtoradio (0) /

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