27. 01. 2010

NEW OWNERS IN 24 BROADCASTERS

Radio and TV stations obliged to report owner changes to RBA

Belgrade, January 27, 2010 (Danas) - Last year the Council of the Republic Broadcasting Agency (RBA) brought 24 decisions about giving consent to change ownership structure of radio and television broadcasters.

As they say, they mainly concerned the increase of capital, as well as transfer of shares of founding rights. Among the major broadcasters who changed the ownership structure in year 2009 are the televisions Fox, Happy, Kosava, B92 and radio stations Roudstar and Srbobran.

RBA reminded broadcasters that they were, by the Broadcasting Law, obliged to submit in writing any change in ownership structure to the Agency, as well as any change of other data from broadcasting license of radio and TV stations. If the broadcaster does not report a change of ownership structure, than the law provides fines in the amount of 300,000 to one million dinars for a legal entity, or from 20,000 to 50,000 dinars for the responsible person in legal entity.