ZURICH and BUDAPEST, Hungary, March 3, 2017 /PRNewswire/ --
Europe's leading provider of TV and radio programme information, media press Group, and Central European Media & Publishing (CEMP) have reached a landmark deal under which media press Group acquired Port Network from CEMP.
Port Network is the number one provider of TV, radio and movie metadata in Central-Eastern Europe with business based in Hungary, together with its satellite outlets in Croatia, Slovakia, Romania and Serbia. PORT network covers the main TV and radio channel portfolio of 15 CEE countries by producing their programme metadata on a daily basis.
Welcoming the acquisition, this was signed in Budapest, President of media press Group, Kris Cechnicki, said, "We are very pleased to welcome Port Network to our corporate family and we are looking forward to working with their highly-experienced and skilled staff to provide the best service to clients in the broadcast industry. Pan-European clients will soon benefit from our unparalleled offering of metadata, covering more than 3.500 channels on highest editorial levels, processed by our platform TV Man Next."
More information is available on: http://powertvmetadata-cee.com/
"CEMP's main strategy with the sales of the daughter company producing and commercializing programme metadata is to put the main focus on its' B2C brands. After the acquisition Fidelio Media remains business strategic partner of Media Press. We hope that PORT network's twenty-year-old relevant experiences will strengthen Media Press's leading position in metadata production and sales," added Botond Andacs, Managing Director of Fidelio.
About media press Group
media press Group is operating in the TV and radio metadata business since almost 30 years. media press Group operates offices in Switzerland, Germany, Poland, Italy and Bulgaria and employs more than 330 staff, most of them editors and software developers. media press is part of The European Metadata Group. More information is available on the company's website:http://www.media-press.tv
About Central European Media & Publishing (CEMP)
Central European Media & Publishing, one of the largest online media company in Hungary, operates the most visited news sites (Index, Velvet, Totalcar) and a large portfolio of well-known lifestyle and financial magazines (Napi.hu, Divany, Femina), as well as the leading news radio (Inforadio), and the most popular social sites (Blog.hu, Indavideo.hu).
For further information, contact :
SOURCE media press Group