INTER MEDIA GROUP LTD

INTER MEDIA GROUP LTD

Inter Media Group entered the media market in Albania back in 2016, when it acquired Tok Media, the owner of Radio In and a television station with the same name. Initially, the company had shareholders Vasil Mero with a 30% ownership stake and Miesseco LTD, an offshore company registered in Cyprus, owning 70% of the shares.

Within 2016, the offshore company Miesseco LTD acquired all the shares, becoming the sole owner until October 2018, when it sold a 33% ownership stake to businessman Theodhoro Çami for 330 lekë. In April 2019, Miesseco LTD also sold the remaining shares to businessman Vasil Mero. In 2019, the company changed its name to Inter Media Group LLC.

Since then, Çami and Mero have been the sole shareholders of the company with ownership stakes of 33% and 67%, respectively, even though they exchanged shares between each other. An attempted purchase of 60% of the shares by the Kastrati Group was anulled.

In 2018, the company established Euro Balkans News LLC and acquired broadcasting rights under the well-known European logo EuroNews. With licensing from the Authority of Audiovisual Media in 2019, it began broadcasting as EuroNews Albania.

Responding to MOM, the company states that the television is a direct franchise of "Euro News" S.A in Lyon, France, and "meticulously applies its independent editorial policies, the EuroNews Editorial Charter, Code of Ethics, and Code of Conduct, as well as operating fully in respect of fundamental freedoms and human rights."

The company also states that it is a 100% shareholder of "Tok Media" LLC, which owns "In Radio" with a broadcast license on the 105.7 frequencies. It holds a 40% stake in "Inter Active Media" LLC, which owns "IN TV". Additionally, the same company owns "La Strada" LLC and "City Wings" LLC, both focused on outdoor advertising services. Vasil Mero has 67% of the shares and Theodhoro Çami owns 33% of the company.

Key facts

Business Form

Private

Legal Form

Limited Liability Company

Business Sectors

Radio and Television Broadcasting; Advertising

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other TV Outlets

In TV

Other Radio Outlets

In Radio

Other Online Outlets

http://www.intv.al/

Facts

Media Business

Television Broadcasting

Euro Balkans News Shpk (Euronews) (100%)

Radio Broadcasting

Tok Media Shpk (In Radio) (100%)

Business

Advertising

City Wings SH.P.K (100%)

General Information

Founding Year

2016

Affiliated Interests Founder

Miesseco LTD

INTER MEDIA GROUP LTD – A Cypriot company called Miesseco LTD founded Media Group IN in 2016. The offshore company Miesseco had 70% of the shares and the Albanian businessman Vasil Mero owned 30% of the company.
Within 2016, the offshore company Miesseco LTD acquired all the shares, becoming the sole owner until October 2018, when it sold a 33% ownership stake to businessman Theodhori Çami for 330 lekë. In April 2019, Miesseco LTD also sold the remaining shares to businessman Vasil Mero. This year (2019), the company changed its name to INTER MEDIA GROUP Shpk.

Since then, Çami and Mero have been the sole shareholders of the company with ownership stakes of 33% and 67%, respectively, even though they exchanged shares between each other. An attempted purchase of 60% of the shares by the Kastrati Group was canceled.

In 2018, the company established Euro Balkans News Shpk and acquired broadcasting rights under the well-known European logo EuroNews. With licensing from the Authority of Audiovisual Media in 2019, it began broadcasting as EuroNews Albania.

Responding to MOM, the company states that the television is a direct franchise of "Euro News" S.A in Lyon, France, and "meticulously applies its independent editorial policies, the EuroNews Editorial Charter, Code of Ethics, and Code of Conduct, as well as operating fully in respect of fundamental freedoms and human rights."

The company also states that it is a 100% shareholder of "Tok Media" Shpk, which owns "In Radio" with a broadcast license on the 105.7 frequencies. It holds a 40% stake in "Inter Active Media" Shpk, which owns "IN TV". Additionally, the same company owns "La Strada" Shpk and "City Wings" Shpk, both focused on outdoor advertising services.

Vasil Mero, a 67% shareholder in the television company, is not a public figure and has no other engagement besides the mentioned company. Earlier, he owned shares of the Albanian Distribution Company ADC, engaged in trade, construction, and insurance, but he sold the shares to his close associate Theodhori Çami in 2021.

Theodhori Çami, on the other hand, is more publicly present. He appears as a leading figure of the company, especially regarding the agreement with EuroNews Group for the franchise acquisition. Çami is a well-known businessman in the field of public relations and advertising.

He founded "Le Spot Group," in 2009 which manages advertising for some of the largest companies in the country. He was the sole shareholder until 2012, when shares were sold to close collaborators. He continued to be an administrator and board member until 2018.

In addition to his 33% ownership in INTER MEDIA GROUP, Çami also acquired Albanian Distribution Company ADC from his partner, of which he is now the sole owner.

Despite changes in ownership, INTER MEDIA GROUP, Le Spot Group, Albanian Distribution Company ADC, and EuroNews television are located in the same building.

Employees

Missing Data

Contact

Rruga “Rezervat e Shtetit” Tirana, Albania

Tel: +355698701852; +355 69 705 5225

Email: jonida.gjoka@euronews.al, marketing.sales@euronews.al

Website: euronews.al

Tax/ ID Number

Euro Balkans News Shpk (L61429018R)

Financial Information

Revenue (Financial Data/ Optional)

Euro Balkans News Shpk – 1.91 Mln..$ / 216 Mln.. Lek

Operating Profit (in Mill. $)

Euro Balkans News Shpk - -1.13 Mln..$ /-128 Mln.. Lek

Advertising (in % of total funding)

Missing Data

Management

Non-Executive Board

Editorial Board established based on the Franchise Agreement with EuroNews S.A. consists of: Ms. Françoise Champey

Chairman representative of EuroNews S.A

Other Influential People

Ben Blushi

Although not officially mentioned in any position within the company, the former minister and former Member of Parliament from the Socialist Party, has a leading role at EuroNews Albania.
During a media meeting of the Euronews TV branches in Europa held in Tirana in August 2023, François Chignac, Editorial manager branded affiliates Euronews/Africanews at EuroNews Group S.A, thanked Blushi, the shareholder Theodhoro Çami and Bjorn Xhokaxhi for what he called the success of the television in Albania.
Blushi has a career as a journalist, politician, and writer. He began his career as a journalist after the 90s. In 1999, he entered politics and was appointed Deputy Minister of Foreign Affairs in the government of Prime Minister Fatos Nano. From 2003 to 2005, he served as Minister of Decentralization and Local Government.
He was a member of the Albanian Parliament as an elected representative from the Socialist Party from 2001 to 2017. In 2016, due to conflicts with Prime Minister Edi Rama, he broke away from the socialists and founded the party LIBRA, which failed in the next elections and dissolved. In 2018, Blushi became the General Director of Top-Channel. Despite his previous conflicts with the Prime Minister, he was accused by opposition media of having pro-government stances in the television he directed.

Further Information

Passive Transparency

upon request, ownership data is easily available from the company/channel

3 ♥

Meta Data

The ownership structure and financial statement are publicly available on the Albanian National Business Registry. The financial data provided are for 2022. The Central Bank's average exchange rate for 2022 was used to convert the amounts into USD. Viewership data is provided by Idra Media.
EuroNews replied to the information request made by the MOM team in August 2023. The company states that there is no viewership data available due to the absence of such a service.

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