Nova24TV | |
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Launched | March 1, 2016 |
Owned by | NovaTV24.si, d. d., Nova hiša d.o.o. |
Slogan | "Prvi v službi resnice" / "The First in the Service of the Truth" |
Country | Slovenia |
Language | Slovene |
Broadcast area | Slovenia |
Headquarters | Linhartova cesta 13 Ljubljana |
Website | http://nova24tv.si/ |
Type of site
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Politics News and opinion Tabloid |
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Available in | Slovene, English |
Owner | NovaTV24.si, d. d., Nova hiša d.o.o. |
Editor | Miro Petek |
Slogan(s) | "Prvi v službi resnice" / "The First in the Service of the Truth" |
Website | http://nova24tv.si |
Launched | October 15, 2015 |
Nova24TV is a Slovenian right-wing media conglomerate consisting of a television channel, radio station, and online news portal. The news agency's stated mission is to provide an alternative perspective that reflects the values of the European right.
Plans to create a media company were first made public by Slovenian Democratic Party leader and former prime minister Janez Janša at a meeting of senior party members in mid-2015. The media company was established on 7 Jul 2015, after ensuring sufficient capital. Initial investments were made by individuals committed to the project (largely SDS members and individuals associated with the party). Additional funding was to be obtained by sales of shares.
The launch of the media company has been fraught with issues. Broadcasting of the Nova24TV channel was initially scheduled to commence on 1 December 2015, but the launch was subsequently postponed several times. The media agency is also allegedly plagued by internal conflicts and lacks skilled technicians and other staff, which has led to broadcasting issues. The news agency was also met with difficulties when attempting to launch it's radio station.
Since it's inception, the media company has struggled to procure sufficient funding for its operations. The startup capital obtained by the sale of shares to individual investors was assumed to be sufficient for two years of continuous operations, however, by late summer of 2016 (less than a year since the beginning of operations), the company was in need of additional funds. Company chairman Aleš Hojs stated that instead of seeking funding from existing shareholders, the company will seek to attract a strategic partner, preferably European companies that manage media agencies. Hojs also stated that they will remain committed to the rule that no single shareholder can own more than 20% of stock in the company. Miro Petek, Nova24TV's editor-in-chief, allegedly met with Italian media executives associated former Italian prime minister, Silvio Berlusconi, to seek financial support. When asked to comment, Petek declined to answer. The financial woes of Nova24TV were partially alleviated after three Hungarian media companies (all with deep ties to the Hungarian prime minister Viktor Orbán and his party) bailed out Nova24TV to the amount of 800,000€, and purchased, in total, 45.44% of the company's shares. The owners of nearly half of NovaTV24.si shares are, however, still undisclosed. Restructuring the news agency in a way that would allow public financing was also considered.