London – News Corporation and Vitaly Bogdanov today announced they have reached agreement on the sale of RussianNashe Radio Moscow, Best FM, Ultra and Nashe Radio St Petersburg. Under the terms of the agreement, Mr Bogdanov will acquire 100 per cent of the four radio stations.
Nashe Radio was launched in 1998 and is the number one commercial station in Moscow for 18-34 year olds. Nashe Radio St Petersburg andMoscow were both launched in 2001 while Best FM was launched in Moscow in 2004. (My Favorite, Yimber)
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of December 31, 2009 of approximately US$56 billion and total annual revenues of approximately US$30 billion.
News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming;television; ; newspapers and information services; book publishing; and other.
The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.
Source: Advertiser Talk
Via Yimber Gaviria, Colombia