News Corp., the media empire founded by mogul Rupert Murdoch, has bought all of Latvijas Neatkarīgā televīzija and a large share of TV5, Latvian media report.
A subsidiary, News Corp. Europe, acquired 100 percent of LNT and 70 percent of sister station TV5, the news agency LETA reported May 15. Details of the May 8 deal were not announced.
LNT was founded in 1996 with the merger of PICCA TV and NTV5, becoming Latvia’s first commercial broadcaster. TV5 began as a station for Rīga residents.
LNT held a 20.1 percent share of the Latvian television market in April, according to media research firm TNS Latvia. That was the largest share of any station. TV5, meanwhile, held a 2.2 percent share. Commercial station TV3, with its popular “Dejo ar zvaignzi” program, held a 17.8 percent share. LTV1 and LTV7, the two channels controlled by the state-run Latvijas Televizija, together had a 15.2 percent share.
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