German investor to expand on Romanian media market
By Erina Lin, Monday 24 September 2007 at 22:44 :: Media Ownership :: #603 :: rss
European Media Investment AG (EMI), an ARBOmedia company, is planning a strategic expansion on the Romanian market. It will continue its campaign to take over Romanian local newspapers by investing two printing plants and a local news Internet portal.
ARBOmedia/EMI already has a presence on the Romanian market with several local titles. Its main competitors are the Austrians from Inform Media and the PubliMedia local network, developed by Adrian Sârbu with CME support.
ARBOmedia also owns 80 percent of one the most important Internet advertising brokers in Romania.
The EMI board recently decided to be listed at the Frankfurt Stock Exchange, Finanztreff.de reports.
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