Nova

Nova is a daily newspaper that is published six days a week, from Monday to Saturday. It is one of the youngest print media in the country. It covers a wide range of topics including politics, society, chronicles, economics, entertainment, culture, lifestyle and sports. The authors of the texts are journalists of the nova.rs portal and everything that is published in the newspaper is also published on the portal.

After the newspaper was founded, publishers could not find a printing house that would agree to print the Nova newspaper for months. Eventually, newspapers began to come out by being printed in Croatia.

In a report on compliance with the Journalists' Code in the daily newspaper for the period from October 1, 2022 to January 31, 2023, the Press Council stated that 64 articles published in Nova newspaper violated the code.

Key facts

Audience Share

3.13%

Ownership Type

Private

Geographic Coverage

National

Content Type

Paid content: 50 RSD per copy (2023)

Data Publicly Available

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

2 ♥

Media Companies / Groups

United Group

Ownership

Ownership Structure

The publisher of the newspaper Nova is the company United Media Digital, which is owned by the company of the same name - United Media from Luxembourg. The owner of this company is Slovenia Broadband from Luxembourg, which is further owned by United Group from the Netherlands. United Group is owned by a number of Dutch companies: the direct owner is Adria Midco, owned by Adria Topco, which is further owned by Summer BidCo. The owner of this company is Summer MidCo, and the owner of this company is Summer Parent from Luxembourg.
Three companies have a stake in this company: 55.37% Luxembourg Summer Invest, 28.20% Gerrard Enterprises from the Isle of Man and 8.05% Gerrard MIP from the Cayman Islands. Dragan Solak has a 99% share in the Isle of Man company and a significant share in the Cayman Islands company.
The majority owner with a 78.65% stake in the company Summer Invest BC European Capital X LP Fund from the British island of Guernsey. No person has a 10% or more stake in the BC European Capital X Fund.
According to the APR, Dragan Šolak is listed as the beneficial owner of United Media Digital with 35.89% ownership.

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

2021

Affiliated Interests Founder

United Group

The company United Media Digital, which is the publisher of the Nova portal, was founded by the company United media from Luxembourg. Both firms are part of the United Group. Since 2014, the CEO of United Media in Luxembourg has been Aleksandra Subotic. She is also a member of the Board of Directors of this company. In this position, she has been in charge of implementing the group's strategies and goals since 2013. Previously, she performed the duties of the general manager of the company for the development of satellite and cable network in Serbia, which has been one of the key strategic partners of the Group since 2002.
United Group was created in 2007 by the merger of SBB and Telemach from Slovenia and Bosnia and Herzegovina. According to APR data, SBB was founded in September 2000. The website of this group states that the founder of the group and president of the advisory board of the company is Dragan Solak. In 2013, a senior advisor to the Board of Directors of the SBB-Telemach Group was a former US ambassador to Serbia, Cameron Munter. The following year, the majority owner of the United Group becomes KKR, the world's leading investment fund based in New York and with a capital of $131.1 billion, which invested in the group together with the European Bank for Reconstruction and Development (EBRD). After this investment, the group continued to expand, acquiring Grand Production in Serbia (a production company of turbo folk music), the telecommunications operator Telemach Montenegro 2014, the third largest mobile operator in Slovenia Tusmobil in April 2015, as well as five smaller cable operators in BiH and the majority share of the cable television operator in Bosnia and Herzegovina BHB Cable TV in July 2015. Their cable television station, N1, which is a subsidiary of CNN in the Balkans, starts broadcasting in Serbia in October 2014.
In March 2019, KKR sold the majority share of United Group to a leading international investment company, BC Partners. At that time, it was announced that the former majority owner, KKR, as well as the management team of the United Group, would "retain a significant minority share", but it is not known how much share remained in the ownership of KKR and the management team at the time, as well as the share of Dragan Solak. The data submitted to the Regulatory Authority for Electronic Media in Serbia show a complex structure of ownership of the group. United Group is owned by a number of Dutch companies: the direct owner is Adria Midco, owned by Adria Topco, which is further owned by Summer BidCo. The owner of this company is Summer MidCo, and the owner of this company is Summer Parent from Luxembourg.
Three companies have a stake in this company: 55.37% Luxembourg Summer Invest, 28.20% Gerrard Enterprises from the Isle of Man and 8.05% Gerrard MIP from the Cayman Islands. Dragan Solak has a 99% share in the Isle of Man company and a significant share in the Cayman Islands company.
The majority owner with a 78.65% stake in the company Summer Invest BC European Capital X LP Fund from the British island of Guernsey. No person has a 10% or more stake in the BC European Capital X Fund.
Today, United Group owns dozens of companies and branches in Serbia, Slovenia, Croatia, Cyprus, Bulgaria, Luxembourg, Montenegro, Bosnia and Herzegovina, Greece and the Netherlands. The portfolio of this form includes, among other things, numerous television stations, film and TV production, the Internet, fixed and mobile telephony, cable operators, DTH and OTT platforms, the United.cloud software center, marketing companies and online commerce companies.
According to the Serbian Business Registers Agency, Dragan Solak has about 35% share in many companies operating within the United Group. In 2022, Sholak became the leading investor in Sport Republic, a London-based investment firm in the sports and entertainment industry, and in January 2022 Sport Republic bought the football club from the UK Premier League, Southampton FC, followed by the purchase of Goztepe in Turkey in August 2022. According to the Serbian Business Registers Agency, Dragan Šolak has about 35% share in many companies operating within the United Group, so he is the co-owner of dozens of companies in Serbia: SBB, Direct media, D express, United cloud, Grand production, Shoppster, Cas Media, United media production, United group RS, Adria news, Mainstream, Media point, Direct media communications, United media digital, Dan Graf, Mainstream public cloud services, City media, Dansav plaza, Holdco Adria, Netlogic, Techhill plaza, United group network infrastructure, Big print, Fortuna e-sports, Fusion communications, Ali invest, Brainz, Panelcatv, Flamactis, Grand slam group, Hiša plus, TV channel Ultra Beograd (in liquidation), N1 television, Nova S television.
The most successful of these companies during 2022 was SBB, with about EUR 252 million in turnover and almost EUR 35 million in profit. Direct media ranked second in terms of profit with EUR 1.9 million.

Affiliated Interests Ceo

Mihailo Jovićević

Has been the director since July, and the editor-in-chief of portal nova.rs since June 2022. He came to the position of editor-in-chief from the position of executive editor of the website.
Jovićević started working for Nova in mid-2020 as a deputy editor on the political section. Previously, he worked for Ringier for eight years as a journalist, deputy editor and editor of the home page of Blic.

Affiliated Interests Editor-In-Chief

Ranko Pivljanin

Has been a columnist and journalist of the Nova portal since the launch of the website in February 2020. When Nova was founded in June 2021, Pivljanin was the executive editor, and he became the editor-in-chief of the newspaper in June 2022, after the death of the former editor-in-chief Stojan Drčelić.
Before coming to Nova, Pivljanin was a columnist and journalist for Blic for more than 20 years, he wrote for Politika daily and was a reporter for Borba daily. He collaborated with the satirical magazine Hairy Hedgehog.

Affiliated Interests other important people

Nikola Jovanovic

Is the deputy editor-in-chief of the Nova newspaper. Previously, he was a journalist at NewsMax Adria (a daily broadcast on Nova S TV), a Beta journalist, editor and journalist in Ringier, as well as a media advisor to the Democratic Party from 2013 to 2016.

Contact

Bulevar Mihaila Pupina 115a

Novi Beograd, Belgrade

T: +381 11 455 01 41

W: www.nova.rs

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 printed and sold circulation, market share and advertising revenue. Financial data is available only for the company that publishes the media, but not for the media itself. The ownership structure of the final owner of Danas, i.e. B.C. Partners, is unknown. Dan Graf, the publisher of the daily Danas, is also the publisher of website Danas.rs, so it is not possible to find financial data on individual media that operate within the company.

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