Carmina Group, that operates the licences for Radio Zu and Romantic FM, was the most profitable radio company in Romania. Part of Intact group, it had last year business worth Euro 5.3M and was among the few companies to be on profit (Euro 72,000)
Europa FM, operated by Europe Developpement International-R, had Euro 3.2M turnover and losses of Euro 1.6M.
Only Carmina Group and Europe Development International had consistent businesses, with the other radios not managing to pass the Euro 1M limit in their business results.
The licences for Kiss FM and Magic FM are owned by SBS Broadcasting, while Pro FM is part of Pro TV SA. In results, those companies also include their TV operations.
The 2012 results for companies that operate radios in Romania are available here.
Translation provided by AdHuggerCarmen Maria Andronache carmenpaginademedia.ro