Kompanija Novosti was founded in 2002 and part of it was privatized in 2006. Milan Beko, a Serbian businessman and former government minister in Slobodan Milosevic’s era, bought a controlling stake in Novosti through a network of companies. This privatization is one of 24 murky cases in which the Anticorruption Council, an independent government body, found irregularities and which the European Union has demanded that Serbia should investigate properly. Over the years, it has emerged that a number of hidden groups and individuals, including German media group WAZ and controversial Serbian businessman Stanko Subotic Cane, were involved in the privatization of Novosti. Subotic claimed that WAZ gave money to Beko in order to acquire Novosti but shares were never ultimately transferred to them.
Furthermore, Miroslav Bogicevic, who bought the newspaper Politika because, in his own words, individuals from the Democratic Party asked him to do so, also wanted to buy Novosti for the same reason. In interview to weekly Nedeljnik, Beko said that he doesn't know to whom he should give money for Novosti buyout, to WAZ or Bogicevic.
The Securities Commission of Serbia imposed a ban on the voting rights for the privatized shares of Novosti because of the disputed situation.
In 2017 company went bankrupt and later on plan of reorganization was adopted. Plan allowed creditors to transfer debt into ownership in Novosti and thus opened the door for state, through state owned print company Borba, to become majority shareholder in company. This was approved at shareholders' meeting in May 2019.
limited liability company
Štamparija Borba is a state-owned printing company.
Other Print Outlets
Bilje i zdravlje
Other Radio Outlets
Other Online Outlets
Štamparija Novosti (50)
Printing | NID Sport (100)
Novosti Press, Podgorica,
Novosti Press Komerc, Banja Luka, Republika Srpska, Bosna I Hercegovina (100)
Revenue (Financial Data/ Optional)
12.8 Mio. $/1376.6 Mio. RSD
Operating Profit (in Mill. $)
1.3 Mio. $/145.2 Mio. RSD
Advertising (in % of total funding)
3.9 Mio. $/ 426.6 Mio. RSD / 29%
Srdjan Muskatirovic is former tennis player who played for Yugoslavian Davis cup team and in 1992 on Olympic games in Barcelona. According to his biography from Novosti's website, in 1997 he graduated from Faculty of Economics, University of California Los Angeles (UCLA). After that, Muskatirovic worked for banks in Los Angeles and London until in 2001 he became advisor in National bank of Serbia. In his career, he also worked for branch of Laderna International BV, company connected to Mlan Beko. Muskatirovic was appointed as managing director of Novosti in July 2017 after Ratko Dmitrovic's resignation on that position was accepted.
Tatjana Vidojevic, President of the Supervisory Board - journalist who has worked as an editor primarily on television. She was a representative of the ruling Serbian Progressive Party while she was working in Belgrade municipalities and the Ministry of Culture.
Dragan Kolarevic, member of the Supervisory Board - journalist and from August 2012 until October 2013 advisor to the Minister of Culture.
Dragan Djukanovic, member of the Supervisory Board - professor on Faculty of political science in Belgrade and president of Center for Foreign Policy
Veljko Vukota, member of the Supervisory Board - Vukota is a member of Board of directors in Luka Beograd
Data about revenues from advertising were used from Kompanija Novosti Consolidated annual report on operations while data about revenues were used from Kompanija Novosti Income statement.