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Oct 16, 2007 15:27 EEST
October 16 (SeeNews) - British intellectual property and branded content company Apace Media plans to acquire shortly 40% of Albanian national television broadcaster TV Arberia (TVA), a TVA official said on Tuesday.
“This is expected to happen soon, but a decision by KKRT [the Albanian National Council for Radio and Television] currently hampers it,” TVA’s deputy editor in chief, Gerti Selenica, told SeeNews.
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Apace Media holds 60% in TVA. The total amount of its investment is 2.0 million British pounds ($4.07 million/2.87 million euro).
KKRT issued a preliminary decision to suspend TVA’s licence on October 10, giving TVA’s management 30 days to contest it. The regulator claims that TVA does not comply with the terms of its licence.
TVA, as most Albanian stations, had been broadcasting without a permit since 1997. In 2000, the county’s radio and TV regulator issued licences to four domestic broadcasters - TV Arberia, TV Klan, TV Shijak and Telenorba Shqiptare. Last year, before Apace Media's acquisition of TVA, KKRT decided to cut TVA’s broadcasting licence by one year, until the end of 2007. TVA contested the decision and in early October an Albanian court ruled in favour of the TV station.
“While TVA has breached some of its licence terms in the past, largerly as a consequence of lack of resources, since January 2007 the newly appoined management of TVA has considerably improved the performance in line with the requirements of the licence,” Apace Media has said earlier in a statement published on the London Stock Exchange.
TVA will continue to work, to improve the quality and the volume of the programming, Selenica said. "On October 1 this year the Tirana District Court overturned KKRT’s decision to shorten the licence period due to lack of evidence. TVA will continue its broadcasting until January 2009 - as was the decision of the court actually - when the licence expires,” Selenica said.
(1 euro= 0.696 British pounds)
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