RCS&RDS becomes major shareholder for Music FM and Dance FM

The National Audiovisual Council (CNA) approved the official entry of telecommunications company RCS&RDS in Campus Radio SRL shareholding, which has been held so far by Marius Dobre and Pro TV SA.

Campus Radio Society SRL had notified CNA of its intention to amend shareholders and obtained the agreement of the council on February 24.

So far, stakeholders for Campus Radio SRL were Pro TV SA (20 percent) and Marius Dobre (80 percent). The change brings RCS&RDS 90 percent of the shares and Integrasoft SRL (sole associate of RCS&RDS) 10 percent.

CNA approved the amendment of shareholding by unanimous vote of members present at the meeting.

On February 24, 2015, the CNA approved the takeover by RCS&RDS of all radios owned by Central European Media Enterprises (CME) in Romania – Pro FM, Info Pro, Pro Classic, Music FM and Dance FM. Following this change, Pro FM will keep its musical profile, while Info Pro will convert this autumn to informative network Digi FM.

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The transfer of all these radio licenses is equivalent with CME leaving the radio market in Romania.

The transaction value by which CME yielded all its radios in Romania to RCS&RDS has not been made public.

On the other hand, in recent years, RCS&RDS has developed its own TV. The company currently owns news television Digi 24 HD (with associated regional stations), movie televisions Digi Film, sport televisions Digi Sport and documentary televisions Digi Animal World, Digi Life and Digi World (along with variants Animal World Channel, Life Channel and World Channel). Also, the company is a shareholder in TV music stations Music Channel, H!T Music Channel and UTV.

Natalia Martian