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WAZ Mediengruppe sells its newspapers in Bulgaria

WAZ Mediengruppe sells its newspapers in Bulgaria

German company WAZ Mediengruppe sold its Bulgarian publishing arm, including leading dailies Trud, 24 Chasa and weekly 168 Chasa, reported today.

Although financial details were not disclosed, WAZ said Vienna-based BG Privateinvest GmbH had agreed to buy the two daily newspapers, seven weeklies, 10 magazines, its printing facility in Sofia and its distribution company named Stella, revealed.

"WAZ's decision to leave Bulgaria... comes less than six months after the German group sold its newspaper business in neighboring Serbia," explained.

The German media group entered the Bulgarian market in 1997, when it bought Trud and 24 Chasa, pointed out. These newspapers have a circulation of 70,000 and 55,000 copies, respectively.


Clara Mart


2010-12-14 23:40

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