Hungarian billionaire buys Slovenia’s most popular TV channel

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Chairman and CEO of TakarékBank József Vida has recently bought Slovenia’s third-biggest and most popular broadcaster. Officially, Planet TV will be part of Vida’s TV2 Group from 1 October.

TV2 Group, owned by Hungarian billionaire József Vida, recently acquired Slovenia’s most popular broadcaster, Planet TV, from Telekom Slovenije, Forbes reports.

Planet TV is one of the best-known TV groups in Slovenia with a 6 per cent prime-time audience share. It encompasses three commercial television channels: Planet, Planet 2, and Planet Plus. Regardless, the channel was struggling with serious financial difficulties.

TV2 Group showed interest in the indebted Planet TV in the past, but it was only this summer that the group was announced as the final buyer.  

Telekom Slovenije eventually sold the broadcaster for EUR 5 million (HUF 1.7 billion) to TV2 Group.

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