Tycoon_s TV branches out to Europe.
Published:
24 November 1999 y., Wednesday
ORT International has started broadcasting this month, bringing Russian-language news, documentaries and dubbed Mexican soap operas to what the company believes is a growing audience of expatriates and Russophiles created by the collapse of the Soviet Union.
In the first phase of the channel_s launch, a Norwegian satellite will beam the service to Central and Eastern Europe. Phase two will extend it to Western Europe, with Israel and Australia joining the areas covered within three years. The process promises to give the world a taste of the gaudy and often highly politicized television that has replaced Soviet drabness in Russia during the past ten years.
If the channel can overcome its prodigious language barrier, it could also make Mr Berezovsky Russia_s first truly international media baron.
Mr Berezovsky, a mathematician who turned to selling cars during the perestroika era, has built a multibillion-dollar empire and weathered endless storms as a member of President Yeltsin_s inner circle. The size of his stake in ORT is not known, but he is thought to be a major shareholder who pays the salaries of several of the channel_s most visible anchors and commentators. Earlier this year, Yevgeny Primakov, the then prime minister, curbed Mr Berezovsky_s use of ORT.The new channel may signal a move to diversify beyond a Russia that Mr Berezovsky fears could turn hostile should the Yeltsin camp founder in the forthcoming elections.
Its audience appears limited, however: 1.25 million Russians and Russophiles in Europe currently watch ORT legally on cable or by "pirating" it from Russian satellites, the company estimates. If the international version can win over half of them, it will be deemed a success.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is making a €4 million equity investment in Geofoto, a Croatian geodetic company offering mapping, geodetic survey, photogrammetry, geoinformatics and aerial survey services, to support its drive to expand operations on international level.
more »
Nordea came out of 2009 in an even stronger position, despite one of the most challenging years for decades. Risk-adjusted profit increased 22% and our capital position and cost of funding are among the best in Europe.
more »
MEPs gave the green light on Thursday for EU funding to help Europe's unemployed start up small businesses.
more »
MEPs are deeply concerned about the long-standing and growing presence of al-Qaeda, and the deteriorating security, social and economic problems in Yemen, which they think could destabilise neighbouring countries.
more »
At the start of a new decade, Sub Saharan Africa is reeling from the effects of three major global crises – food, fuel and financial – that have reversed many of the economic achievements of the last 10 years and left some growth projections at levels below those of 30 years ago.
more »
The 5th High-level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area was jointly organised by the European Central Bank and the Reserve Bank of Australia, in cooperation with the Hong Kong Monetary Authority.
more »
The EBRD and European Fund for Southeast Europe are boosting the availability of financing to private businesses in Moldova with a $10 million loan to ProCredit Bank in Moldova for on-lending to micro and small enterprises.
more »
The EBRD is supporting the development of the retail infrastructure in Croatia with a €68 million loan to finance the construction of a modern shopping centre in Split, the second largest city in Croatia.
more »
The European Bank for Reconstruction and Development has agreed to sell its 15 percent stake in OAO Swedbank Russia to its parent and major stakeholder, Sweden’s Swedbank AB, a move which would give it full ownership of its Russian subsidiary.
more »
The Ministers of Industry took the first steps in San Sebastián today to make the electric vehicle a reality in Europe and agreed that European institutions, with the EC at the head, should lead a common strategy on electric vehicles.
more »