Sanoma to buy stake in gossip TV
Thursday, August 11, 2005, 07:08
Publishing company Sanoma Budapest Publishing Rt will acquire a 25% stake in Digital Media Central European Communications Rt, which will operate 4-A story TV from this fall, Napi Gazdaság reported. Digital Media was registered with a base capital of Ft 20 million, but the company's capital will soon be raised to Ft 1 billion. 74% of the company's shares are owned by three Hungarian individuals. 4-A story TV will broadcast news on Hungarian and international stars and figures of public life 18 hours a day and may reach 2.2 million households in Hungary.