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July 26, 2018 12:00 am | FILED UNDER: business

Daniel Kretinsky’s CMI Closes Deal For Lagardere Radio Stations

By ČTK Daniel Kretinsky owner of czech news center

Prague, July 26 (CTK) – Czech Media Invest (CMI), which is co-owned by billionaire Daniel Kretinsky, completed the acquisition of French group Lagardere’s radio stations in the Czech Republic, Slovakia, Poland and Romania for EUR73m (over Kc1.8bn), CMI board member Daniel Castvaj told CTK.

 

The acquisition includes Czech radio stations Frekvence 1 and Evropa 2.

 

According to the Radioprojekt survey for Q1, Evropa 2 and Frekvence 1 are the third and the fourth most popular radio stations in the Czech Republic, respectively.

 

Other Czech radio stations under Lagardere included Radio Bonton, Dance Radio and Zet.

 

According to earlier information, CMI is also in talks with Lagardere Group on purchasing French magazines including Elle.

 

CMI, via its subsidiaries Czech News Center (CNC) and CN Invest, has been active mainly on the press market, publishing dailies including Blesk, Sport a Aha!, and tens of magazines. It is a leader in book publishing and newspaper distribution.

 

Kretinsky hold 50 percent of CMI, while Patrik Tkac owns 40 percent and Roman Korbacka 10 percent.

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