ABC News JSC

ABC News JSC

ABC News is a company that owns a television and a local radio station with the same name ABC News. ABC News TV is a 24-hour news channel some of the content of which is broadcasted through the radio and the website abcnews.al. It has a book value of 194.7 Mio. Lek (1.5 Mio USD).

ABC News was created in 2000 as Telenorba Shqiptare by three Italian citizens (Eligio Romanazi 14.35%, Scorpion Sh.p.k (23.65%), Donato D'Alessandro 40% and Giovanni D'Alessandro, 22%). Telenorba Shqitare 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.

Key facts

Business Form

Private

Legal Form

Joint-Stock Company

Business Sectors

Radio and Television Broadcasting

Ownership

Redi Sata

Redi Sata owns 60% of ABC News and has no other businesses registered in the Albanian Business Registry. Sata purchased 80% of ABC News in 2007 for 150 Lek (USD 1.86) from Telenorba LLC. The company had a nominal value of 172 million Lek (USD 2.1 Mio) and accumulated debt of 350,000 Euro. Sata purchased the shares and took the responsibility for the debt.

In May 2016, Sata purchased 20% of the remaining shares from Eligio Romanazzi and Giovanni D'Alessandro for 40,000 Euro. In May 2016, Sata sold 40% of the shares to Aleksander Frangaj and Alba Gina for 20,000 euro each and a total of 40,000 Euro.

60%

Individual Owner

Media Outlets
Other Media Outlets

Other Radio Outlets

ABC News Radio

Other Online Outlets

www.abcnews.al

Facts

General Information

Founding Year

2000

Affiliated Interests Founder

Eligio Romanazi, Scorpion Sh.p.k, Giovanni D'Alessandro ¬– In 2000, a company called Telenorba Shqiptare was created, with shareholders Eligio Romanazi 14.35%, Scorpion Sh.p.k (23.65%), Donato D'Alessandro 40% and Giovanni D'Alessandro, 22%. Telenorba Shqitare 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. ABC News has been created in 2000 as Telenorba Shqiptare. 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.

Employees

Missing Data

Contact

Rruga Aleksander Moisiu, Ish-Kinostudio, Tirana

Website: abcnews.al/contact/

Tax/ ID Number

K01711004F

Financial Information

Revenue (Financial Data/ Optional)

1.23 Mio. $ / 170 Mio. Lek

Operating Profit (in Mill. $)

0.18 Mio. $ / 22.7 Mio. Lek

Advertising (in % of total funding)

MIssing Data

Management

Supervisory Board

Erjona Daco – is a member of the Supervisory Board

Other Influential People

Mimoza Koçiu – is a journalist with long experience in several TV channels, including ABC News and Klan. She has worked also as an advisor to Bamir Topi, the former President of Albania.

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

ABC News is a shareholding company. Its ownership structure and financial statements are published in the Albanian National Business Registry. The financial data provided are for 2016. The Central Bank's average exchange rate for 2016 was used to convert the amounts into USD. Audience share for Top TV stations was provided by Abacus Research and Telemetrix for 2017, the data are conflicting that’s why both audience shares are presented.

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    BIRN ALBANIA
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    Reporters without borders
  • Funded by
    BMZ