Ringier launches TV station in Romania
The Ringier media company is launching a new TV channel in Romania in partnership with the Turkish media group DYH. Kanal D Romania will go on the air starting February 18. Ringier is about to sign the share purchase agreement.
The Ringier media company is launching a new TV channel in Romania together with the Turkish media group DYH. From February 18, Kanal D Romania will go on air. Ringier is about to sign the share purchase agreement under which the media publisher will acquire 25 percent of Kanal D Romania. Together with Dogan Yayin Holding (DYH), Ringier wants to offer a "modern TV entertainment program" that will "focus on locally produced programs", according to the Ringier press release.
Ringier increases its market share in Romania with the signing. The media group is already represented on the Romanian market with more than 15 national titles. In addition to Libertatea, Romania's largest daily newspaper, most of the magazines and newspapers are market leaders in their field.
The Turkish media group DYH is the largest media and entertainment group in Turkey with a 42 percent share of the advertising market and revenues of more than 1.2 billion US dollars.
Ringier increases its market share in Romania with the signing. The media group is already represented on the Romanian market with more than 15 national titles. In addition to Libertatea, Romania's largest daily newspaper, most of the magazines and newspapers are market leaders in their field.
The Turkish media group DYH is the largest media and entertainment group in Turkey with a 42 percent share of the advertising market and revenues of more than 1.2 billion US dollars.
