Media Holding
Media Holding is a limited liability company that owns ABC News television indirectly through ownership of its parent company, ABC Management LLC. The owner of the Media Holding is Esat Bojku, an unknown figure in the media scene in Albania.
ABC News Television is a 24-hour news channel that also broadcasts in audio through the radio station of the same name as well as the website abcnews.al. The television inherited the license of Telenorba Shqiptare, a TV station of the 2000s founded by three Italian citizens. The ABC News changed hands and was sold several times before it was bought by Bojku for 2.7 million euros in October 2022.
Business Form
Private
Legal Form
Limited liability company
Business Sectors
Radio and Television Broadcasting
Individual Owner
Other Online Outlets
www.abcnews.al
Media Business
TV Broadcasting
ABC News (100%)
Radio Broadcasting
Radio ABC News (100%)
General Information
Founding Year
2000
Affiliated Interests Founder
The history of the company ABC News JSC goes back in time in 2000, when a company named Telenorba Shqiptare was founded in Albania with shareholders Eligio Romanazi (14.35%), Scorpion Sh.p.k (23.65%), Donato D'Alessandro (40%) and Giovanni D 'Alessandro, (22%). Telenorba Shqiptare received its first permit to open a local television station in November 2000 from the National Council of Radio and Television, the predecessor of AMA (Audiovisual Media Authority). In 2006, The Council refused the request to renovate the 5-year license for this channel. The company was sold several times up to 2007, when Redi Sata obtained 80% of the shares. In 2009, the National Council of Radio and Television decided to revoke its previous decision and renovated the license for another 5 years. In 2010, the name of the company was changed from Telenorba Shqiptare to ABC News.
ABC News JSC was sold several more times even after the name change. In 2016, Sata sold 40% of the shares to Aleksander Frangaj and his wife, Alba Gina for a price of 20,000 euros. In May 2019, Frangaj and Gina purchased the remaining part of the shares, but three months later they sold ABC News JSC to the A.B.C Management company for 600,000 euros. The Greek citizen, Efthymia Gkouma owned 100% of the shares of A.B.C Management. The company was managed for 3 years by Idaver Sherifi, who has previously worked as an Administrative Director of American Hospital.
In October 2022, the mother company of ABC News was sold again to Media Holding LLC for a price of 2.7 million euros. Esat Bojku, a Kosovo citizen owns 100% of the shares of Media Holding LL. He is an unknown figure in the Albanian media market.
Employees
Missing Data
Contact
Tax/ ID Number
Media Holding (M22207035F); A.B.C Management (L91911028V); A.B.C News (K01711004F)
Financial Information
Revenue (Financial Data/ Optional)
ABC News: 3.06 Mln..$/ 347 Mln.. Lek
Operating Profit (in Mill. $)
ABC News: -1.17 Mln..$/-133 Mln..Lek
Advertising (in % of total funding)
Missing Data
Management
Supervisory Board
An Albanian businessman with activities in construction, hotels and energy. He is the owner of the company Tirana International Development. In February 2000, Male was appointed chairman of the Supervisory Council of ABC News.
Former judge of the Republic and a member of the Supervisory Council of ABC News since February 2020. She held the position of the head of Durres Court during 2014-2019, when she resigned while facing the vetting process.
Other Influential People
Journalist and moderator of the political TV show “Real Story”. He is also the Director of ABC News. Balla started his career in journalism in early 90s and worked for the daily newspapers “Gazeta Shqiptare” and “Koha Jone”. Later on, Balla switched to television and directed the news departments for TV Klan, Top Channel and Vision Plus. In May 2023, Balla received the title “Grand Master” from the President Bajram Begaj for his contribution in print and electronic media. Balla is also the author of several nonfiction books.
Further Information
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 have been used to convert the amounts into USD. See sources for more.