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Serbia offers 49 state media on sale

Xinhua, July 1, 2015 Adjust font size:

Serbia announced two public calls on Monday and Tuesday, offering altogether 49 state-owned media for bidders interested in buying them.

According to the government's privatization agency, the public call on Monday included 38 companies, while another call on Tuesday added 11 more to the list.

Included in this list is Tanjug News Agency, publishing company Dnevnik, as well as local television, radio broadcasters and newspapers.

The calls read that the country is offering 100 percent share in the biggest news agency Tanjug for the starting price of 761,000 euros (845,349 U.S. dollars). For Dnevnik newspapers, the price of the 98 percent share is around 7 million euros.

Dnevnik, one of the oldest publishers in the country was founded in 1942, while Tanjug was established in 1943, both in the midst of the liberation struggle during the World War II.

The 49 media offered in the public call are among 73 state media that await privatization, as per a new media law promoting independent editorial policy by restricting state ownership.

Many local radio and TV broadcasters from cities of Sabac, Kragujevac, Novi Sad, Pancevo, Pirot and many other cities are on sale.

Serbia previously announced a public call for the sales of the Belgrade television Studio B on June 25 for a price of 530,000 euros.

The deadline for the announcement for the public calls is July 1, while their privatization will have to be concluded before Oct. 31, according to the law.

Shares of those companies whose sales are not announced until July 1, and those that don't get sold by Oct. 31, will be transferred to the employees of those companies for free or be shut down. Endit