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13. 02. 2012

WAZ to leave Serbian media market

Belgrade, February 13, 2012. (B92) - German media group WAZ has not changed its decision on leaving the media market in Serbia and negotiating the sale of its stake in the Serbian media.

"VAC Media Group negotates with various interested parties regarding the sale of its equity stake in Serbia," said for 'Danas' Paul Binder, director of corporate communications.

"Our decision is to leave the Serbian market is final and there will be no change in our strategy," he added, confirming that the recent CEO Bodo Hombach WAZ left that position in January.

WAZ is a co-owner of three daily newspapers in Serbia - Belgrade "Politika" and "Vecernje novosti" and Novi Sad "Dnevnik". The Republic of Serbia still owns significant stakes in the three daily newspapers.

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