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February 21, 2019 7:09 pm | FILED UNDER: business

Czech Media Invest Sells Polish Radio Station Group Eurozet

By Matt Atlas Daniel Kretinsky

Billionaire Daniel Křetínský’s Czech Media Invest (CMI) has sold the Polish radio station group Eurozet it bought last year from French concern Lagardère in a move that has angered Poland’s ruling Law and Justice (PiS) party.

 

PiS called the sale of Eurozet a threat to the pluralism of Polish media amid reports that one of the buyers, the Czech company SFS Ventures, is linked to or funded by Hungarian-born billionaire George Soros, who supports Polish opposition media.

 

SFS Ventures bought a 60 percent share. Polish media group Agora, whose assets include the Gazeta Wyborcza daily, bought the remaining 40 percent share in Eurozet. The majority owner of SFS Ventures is Sourcefabric Ventures, a leading developer of open source tools for news media.

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