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Bulgaria’s Nova Seeks Antitrust OK To Buy 4 Local Radio/TV

By  |  September 1, 2020

Bulgaria’s Nova Broadcasting owned by locally-registered Advance Media Group, is seeking regulatory approval to acquire four local radio and TV operators, the competition regulator stated on Tuesday, September 1.

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    Nova Broadcasting Group is seeking to buy Elit Media Bulgaria, which operates TV channel Kanal 3; Radio Veselina, which runs music TV channel The Voice and radio station Veselina; Radio Ekspres, the operator of The Voice Radio; and Vitosha FM, which operates Vitosha Radio, Magic FM, and Magic TV, the Commission for Protection of Competition (CPC) announced in a notice.

    According to the CPC, the deals are expected to affect the television and television advertising markets in the country. 

    Interested parties have until September 8 to file their statements regarding the transactions, the competition watchdog stated.