Germany’s WAZ Media Group has sold its stake in
Albania’s broadcaster Vizion Plus TV back to its previous owners, the
latest move as the company pulls out of the Balkan region.
Besar Likmeta
BIRN
Tirana
WAZ’s stake in Vizion Plus has been acquired by the
minority stakeholders in the company, the Dulaku Borthers, Tirana-based
construction tycoons who also founded Vizion Plus’s parent company,
Mediavizion.
WAZ controlled 67 per cent of Mediavizion from 2009. Until its recent
sale it was the only foreign media group present in the Albanian media
market.
A spokesperson for WAZ confirmed the sale to Balkan Insight but
declined to comment on the reasons behind the company’s move. In the
last two years the German company has downsized operations in Southeast
Europe.
In July WAZ sold its 50-per-cent share in Politika, Serbia's oldest
newspaper to Moscow-based OOO East Media Group. Politika is now owned 50
per cent by the Serbian state and 50 per cent by the Russian company.
In January, WAZ Media Group sold its three Macedonian newspapers to Orka, a local company owned by Orce Kamcev.
The
three dailies, Dnevnik, Utrinski Vesnik and Vest, which hold a
considerable share of the newspaper market, were the only ones in the
country owned by a big international media company.
In 2010 WAZ's director Bodo Hombach announced that WAZ intended to
withdraw from the Balkans, blaming abuse of power and collusion between
governments and oligarchs for hampering the media group's business
operations.
That year, WAZ sold off some of its main newpapers in Romania and Bulgaria.
The WAZ Media Group is active in Germany, Austria, Croatia, Hungary,
Russia and Serbia. The group owns 24 daily newspapers with a circulation
of over 2.5 million copies, 13 weekly newspapers, 175 popular magazines
and trade journals, 99 advertising journals, and approximately 400
customer magazines, printed by the group’s own printing operations at 12
locations in Europe.