United Media is buying a controlling stake in Montenegrin Vijesti

United Media, the leading media company in Southeast Europe, has signed a letter of intent to buy 51 percent of Vijesti, newspapers, portals and television from Montenegro, it was announced today.

According to that document, United Media, as a new shareholder, undertakes to respect and protect the editorial independence and autonomy of Vijesti.

A joint statement said the editor.in.chief would continue to be elected at the suggestion of local co.owners, as well as the Media Development Investment Fund (MDIF), a New York.based investment fund that supports media freedom and has been a minority shareholder in Vijesti since its inception.

“For almost a decade and a half, the Vijesti system from all three platforms has been exposed, both by monopolists and nationalists, to an existential threat due to its commitment to freedom of expression and professional journalism. “Liberal values ​​and journalism that characterize the Vijesti system are placed in a wider space loyal to those values,” said one of the founders of Vijesti, Miodrag Perović.

MDIF Executive Director Harlan Mandel pointed out that the strategic cooperation between the two media houses will be based on the values ​​of their brand and rooted in the strength of their objective reporting.

“At the moment, we see an epidemic of captive media in Europe, in which private media are being taken over, while the media market in the Balkans continues to be extremely difficult to launch independent media and do business in the market. recognized by its independent journalism is welcome because it ensures that quality investigative journalism continues to be the center of Vijesti’s business model, “he said.

The executive director of United Media, Aleksandra Subotić, said that the media company has always taken the position that objective and independent journalism is one of the key factors for the development of society and that it appreciates Vijesti’s work so far and that they resist various pressures and manage their work .

“We are looking forward to the future partnership and we believe that it will ensure that this media house experiences expansion in the coming period and that the quality content produced by Vijesti journalists reaches a wider audience,” Subotic pointed out.

United Media operates in eight countries and has a portfolio of 55 television channels, including N1 and Nova TV, as well as Nova M, dailies including Danas and Nova, and numerous radio stations.

The leader of the Party of Freedom and Justice, Dragan Djilas, was a guest on TV Vijesti last night. Asked whether it was true that he was buying “Vijesti” with Dragan Solak in order to subordinate them to the President of Montenegro, Milo Djukanovic, he said that he had nothing to do with the possible sale of a share of Vijesti television.

By Editor

Leave a Reply