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Adria Media Group

Adria Media Group

Adria Media Group (AMG) is the biggest media group in the Balkans. It was founded in 2014 and has been owned by Igor Žeželj since 28th December 2018. Before Žeželj, the owner of AMG was the businessman Aleksandar Rodić.

The Group is made up of six companies: Adria Media Grupa Beograd (the main company) and five legally connected companies - Adria Media Balkan, Adria Media Zagreb, Adria Media Magazine doo, Adria Media Invest doo and Admatic media doo.

Since October 2016 the new publishing company Adria Media Balkan from North Macedonia has become part of this grouping. Adria Media Balkan was founded when AMG bought a majority stake in the daily newspaper Sloboden Pečat, the daily with the biggest circulation in North Macedonia. Sloboden Pečat is a daily newspaper and the market leader, actively playing a role in the shaping of public opinion in North Macedonia over the last few years. Adria Media Zagreb, a so-called content factory, has positioned itself as a market leader in the magazine segment in Croatia.

The Group is primarily engaged in publishing and is a regional leader in the media industry. Based on the information on its website, AMG has 620 employees, its multimedia portfolio includes 45 printed editions, 26 digital and 34 YouTube channels. AMG is a member of the following Serbian and international organizations: Wan Ifra (World Association of Newspapers and News Publishers), Asocijacija Medija Srbije and Interactive Advertising Bureau (IAB Serbia). According to Google Analytics, AMG has around 34 million unique visits and 987 million page views per month. The Group has 2.8 million fans on the official profiles of its publications on Facebook.

Aleksandar Rodić spent a long time looking for a new business partner, who would provide the company with more stability, after it found itself in serious financial problems following the open conflict with Serbian President Aleksandar Vučić. The bank accounts of AMG were blocked for months, preventing its normal functioning. The negotiations over the sale of AMG lasted almost two years.
The framework agreement regarding the sale of AMG was signed on 1st October 2018. At the time, AMG reached an agreement regarding a strategic partnership with Wireless Media, owned by Igor Žeželj and the website Mondo, which was owned by Telekom Srbija. In this way, the state once again indirectly became a media owner, despite its obligation to end its ownership in the media sector.

Mondo Inc officially became the 100% owner of AMG on 28th December 2018, with the decision on the change in ownership being published on 4th January 2019 on the website of the Serbian Business Registers Agency (APR). Instead of Rodić, the new owners are listed as Žeželj and Mondo Inc. The public does not know the value of this sale, as none of the contracts relating to the sale were published.

The links between Igor Žeželj, the website Mondo and Telekom Srbija have generated suspicions that the state, via Telekom Srbija, has entered into the ownership structure of AMG, following the acquisition of cable operators Kopernikus, Radijus Vektor and AVcom. This has been unofficially denied to BIRN by senior Telekom Srbija officials.

Key facts

Mother Company

Adria Media Group Belgrade

Business Form

private

Legal Form

ltd

Business Sectors

Printing

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other Print Outlets

Cosmo Campus, Story Winter, Story Kids, Story, Kurir magazine, Elle, Cosmopolitan, Story Lepa & Srećna, National Geographic Serbia, StoryCaffee, Sensa, Mens' Health, Sloboden Pecat

Other Online Outlets

Facts

Media Business

Publishing

News and entertainment

Business

International business

Publishing, news and entertainment in Croatia and North Macedonia

General Information

Founding Year

2014

Founder

Aleksandar Rodic

Affiliated Interests Founder

Aleksandar Rodic is the son of Radisav Rodic, founder of the Kurir tabloid. Aleksandar is a controversial Serbian businessman who owns many companies in the field of media business and/or other.

Aleksandar Rodic has been in the media business since 2009, when he took over the management of Kurir daily paper following his father's arrest.

Under his management, Kurir has maintained close ties with every government to follow with seldom ups and downs. This has subsequently led to the company's growth. In 2014, Aleksandar Rodic spread the business by acquiring Adria Media Group, the largest media group in the Balkans which publishes Elle, National Geographic, Newsweek, Cosmopolitan, Men's Health...

In the November of 2015 Rodic got in the center of attention, when the famous front page of Kurir was published, "Srbijo, izvini". Aleksandar Rodic, author of the article “Srbijo izvini” created a steer in media community and public, when apologizing to the citizens of Serbia for, as he stated, being forced to be a part of propaganda team of Aleksandar Vučić. Following the publishing of the article there was ongoing public dispute between A. Rodic, Zeljko Mitrovic, the owner of Pink TV and Dragan J. Vucicevic, owner and editor of tabloid Informer. This public media conflict lasted for several months, after things got back to normal with no public debate about A. Rodic statements.

In the June of 2017 Kurir daily published the article "Vucic preko EPS finansira privatnu vojsku". Aleksandar Vucic, former Prime minister and now President, was linked to financing the football fans group through public enterprises "Electric Power Industry of Serbia" and "Airport Nikola Tesla Belgrade" in exchange for their favours. This led to another series of public conflict between A. Rodic, D.J. Vucicevic (Informer tabloid) and Zeljko Mitrovic (Pink TV). A series of scandalous front pages followed and special program on Pink. Aleksandar Rodic announced that he is going politics since he has the courage to fight against A. Vucic dictatorship and his censorship of the Serbian media.

Employees

620

Contact

Vlajkoviceva 8,

11000 Belgrade, Serbia

 

Kurir:
Tel: +381 11 6357 100

Adria Media Magazines:
Tel: +381 11 6357 201

 

E- mail: office@adriamedia.rs 

 

Website: www.adriamediagroup.com

Tax/ ID Number

Tax number 103548123
ID number 17572423

Financial Information

Revenue (Financial Data/ Optional)

20.5 Mio USD / 2.2 Bil RSD (2017)

Operating Profit (in Mill. $)

- 0,135 Mio USD / - 14.5 Mio RSD (2017)

Advertising (in % of total funding)

Missing Data

Management

Other Influential People

Natalija Rodic Cvetkovic

Natalija Rodic Cvetkovic, Vice President of Adria Media Group and Directoress of Magazines, is the sister of Aleksandar Rodic.

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