Bulgaria’s Commission for Protection of Competition (CPC) has approved the acquisition of the TV channels Channel 3, The Voice, and Magic TV, along with the radio stations Radio Vesselina; Radio Vitosha; Magic FM, and The Voice Radio, by Nova Broadcasting, Capital reported.
In a statement, it said that it determined that the transaction will have an impact on the TV advertising, TV Distribution, internet (online), and radio advertising markets in the country.
It added that “In its analysis, the CPC took into account the specific characteristics of the media sector. On the basis of the assessment made, the Commission considered that the concentration would not lead to the creation or strengthening of a dominant position which will impede effective competition in the above mentioned markets. Therefore, it could not rise anticompetitive effects in these markets and should be unconditionally approved under Art. 26, para. 1 of the Law on Protection of Competition (LPC).”
Capital noted that the regulator made its decision in only two and a half weeks despite fears that the transaction would significantly increase the market share of the Domuschiev brothers, who own Nova, previously one of Modern Times Group’s assets in Central and Eastern Europe. It also acted in a similarly short timeframe in approving the acquisition of Nova by the Domuschiev brothers.
Full Content: Capital
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI