B92

B92 TV was established in 2001 to the general delight of longtime supporters of B92 Radio — the first independent radio station in Serbia founded in 1989 by Veran Matić. As was the case with radio, the target group of TV B92 was intellectuals and cosmopolitans, young urban people who were against the authoritarian and nationalist demagoguery of former president Slobodan Milošević. However, democratic changes on 5 October 2000 did not bring better days for B92, which was then competing with many other media.

Once known for its investigative journalism and quality news programs, TV B92 has increasingly moved in a commercial direction, broadcasting a Serbian version of Western reality programs and quizzes such as Big Brother, Millionaire and others, and then completely switching to commercial content. Shortly after the recapitalization of B92, the Anti-Corruption Council warned that the ownership of this television station with a national frequency was non-transparent, and a few years later, the Greek Antenna Group publicly began to act as the owner of B92 in 2010. Since September 11, 2017, TV B92 has changed its name to TV O2, but also the complete program and a good part of its employees. This change, as the television announced, came after detailed planning and analysis, setting up a strategy for further improving the work and strengthening the position of this outlet, whose vision of business relates not only to the domestic but also to the world market. Management also said that numerous surveys were conducted that showed that respondents positively assessed the change that would follow in all segments – visual, programmatic and in the name itself.

In December 2018, the Kopernikus Corporation, owned by the brother of a senior official of the ruling Serbian Progressive Party, bought all media from the Antenna Group, including TV Prva and O2, for 180 million EUR, after selling its cable operator subsidiaries to the state-owned telecommunications company Telekom for about 195 million EUR. The Antitrust Commission approved this sale because the Antenna does not exceed the market share of 35%, the threshold for concentration according to the Law on Electronic Media. During 2020, TV O2 changed its name again, returning the previous one – B92.

According to the data from BIRN's database on public calls, publisher B92 received about 2.7 million dinars (approximately 25,000 USD) for two projects during 2022 and 2023 in competitions for co-financing media content from state institutions and local self-government bodies.

Key facts

Audience Share

2.40%

Ownership Type

Private

Geographic Coverage

National

Content Type

Free Content

Data Publicly Available

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

2 ♥

Media Companies / Groups

Kopernikus Corporation

Ownership

Ownership Structure

The publisher of TV B92 is the Radio Broadcasting Company B92, which is 100% owned by the company Astonko doo, which is further 100% owned by Astonko Holdings from Cyprus. The Decision on television broadcasting, adopted by the Regulatory Authority for Electronic Media in 2022, states that the founders of the Cyprus-based company are companies Lake bade holdings from Cyprus with 66,67% of shares and Kopernikus corporation, also from Cyprus, with 33,33% of shares. The owner of 100% of shares in Lake Bade holdings is Kopernikus Stream TV. The owner of this company is Netherland-based Kopernikus Serbia, which is controlled by Kopernikus Corporation from Cyprus. Srđan Milovanović and Kopernikus Corporation own the Cypriot-based company from the Netherlands. The owner of this company is Srđan Milovanović.

Voting Rights

Missing Data

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

2000

Affiliated Interests Founder

Veran Matić

has been involved in journalism since 1984 on alternative and youth media in Belgrade, Zagreb and Ljubljana. He started his career on independent television Studio B, and in May 1989, he founded Radio B92, the first independent radio station in Serbia.Under his leadership, B92 has launched and developed numerous projects over the past 20 years focusing on three media – radio, television and the Internet. Matić co-founded the Association of Independent Electronic Media (ANEM). He is one of the most uncompromising fighters for media freedom and freedom of expression, resulting in numerous prestigious international awards. He studied world literature at the Faculty of Philosophy, University of Belgrade. As the majority owner of the B92 Fund, he is committed to the Fund's humanitarian projects. Since 2013, he has also been the president of the Commission for Investigation of Murders of Journalists, which was founded on his initiative and supported by the Government of Serbia. He is also the owner of the Samizdat publishing house.

Affiliated Interests Ceo

Srđan Milovanović

the owner of the Kopernikus Corporation and the brother of Zvezdan Milovanović, until recently a longtime trustee of the ruling Serbian Progressive Party for the city of Niš. The owner of local and cable TV Kopernikus, Milovanović became the owner of TV stations with a national frequency in December 2018, when he bought the media owned by the Antenna Group - TV Prva and O2, as TV B92, Prva TV Montenegro, Play radio, six cable channels and three portals Prva.rs, O2tv.rs and B92.net were called at that time. About a month earlier, he sold the company Kopernikus Technology, a cable operator, to Telekom Srbija for about EUR 195 million. Media experts then assessed that with this purchase, the ruling Serbian Progressive Party monopolised the media market. Previously, he was in the media spotlight several times. During the 2012 election campaign, he sold eight hours of programming from one Kopernikus channel to Sens marketing, a close Serbian Progressive Party (SNS), which broadcast its own program. The Republic Broadcasting Agency announced that the parties, however, could not lease the program in that way. Milovanović was also reported in 2016 when the controversial businessman Predrag Ranković Peconi was wounded at the Hotel Prague in Belgrade. He was sitting at the table when Peconi was shot, and the media wrote that the reason for the gathering of the society was precisely the celebration organised by Srđan Milovanović for the purchase of the Prague Hotel. The Milovanović brothers are the owners of several offshore companies. According to business documentation, Srđan Milovanović has been operating through offshore companies for years. Among other things, Milovanović is the owner of the record label KCN Records, founded in 2009. The first album released by this house was an album by folk singer Jovana Tipšin, Milovanović's then girlfriend. At a public tender, Milovanović bought land in New Belgrade at the Directorate for Construction Land and Construction of Belgrade, where there was a market known as a flea market, for about 20.2 million euros, as Nova.rs reported. The Kopernikus Company should build Kopernikus Tower on this site, "the most modern and largest office complex in the country and the region" of 100,000 square metres. Data from the Business Registers Agency show that Srđan Milovanović is the owner, director or representative of 15 companies, including hotels and restaurants, such as the Belgrade Hotel Prague, companies engaged in construction, real estate sales, road freight transport and trade in tobacco products. KCN televisions with local frequency are owned by his brother Zvezdan.

Affiliated Interests Editor-In-Chief

Dragan Karadžić

Karadžić has been the editor-in-chief of B92 TV since March 2019. He came to this position after Srđan Milovanović bought the television under the name O2 at that time. At the end of the year, this television station and the team of the show "24 Minutes with Zoran Kesić" decided not to extend the contract. In a biography submitted to the Regulatory Authority for Electronic Media (REM), Karadžić states that he is a law graduate and a manager with more than 25 years of managerial experience in the television business that he has acquired in domestic and foreign television markets, especially Asia and China. During the 1990s, he worked for RT Novi Sad and the Third Channel and produced the cult New Year's program "Two Hours of Quality Program" directed by Srđan Dragojević. From 1999 to 2000, he worked for Internacional Cg (formerly Genex) as Deputy General Manager for Marketing and Tourism, and from 2001 to 2006, he was General Manager of ITV Multimedia, an SMS services company, after which he moved to the position of Deputy General Manager of Fox Television in 2007. He was a candidate for the CEO of RTS in 2015, when Dragan Bujošević was appointed to that position, and since 2016 he has been the deputy president of the Public Service Management Board. As the portal 021 wrote, university professor and sociologist Vladimir Vuletić was elected president of the RTS Managing Board at the time, and political analyst Branko Radun, political scientist Ljiljana Đurđevac and painter and participant in reality programs Zorica Šujica, among others, were elected members. The then member of the Regulatory Body for Electronic Media (REM), Gordana Suša, publicly said that she doubted that the election of members of the RTS BoD was rigged because the highest quality candidates were not elected, while REM President Goran Karadžić claimed that there was no pressure and influence on REM members during that election.

Contact

Ikarbus 3 Nova br. 19

11080 Belgrade

T: 011 301 2000

W: www.b92.net

Financial Information

Revenue (in Mill. $)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

Further Information

Meta Data

Missing data on market share and advertising revenue. Financial data is available only for the company that publishes the media, but not for the media itself.

  • Project by
  •  
    Global Media Registry
  •  
    Funded by European Union
  • Funded by
    BMZ