UAB “SC Baltic Media” has successfully concluded a sales contract of the company which publishes the “Top Gear” magazine in Lithuania, Latvia and Estonia. The company was acquired by UAB “ON Media”, one of the former shareholders of “SC Baltic Media”.
“Such a move should further strengthen the position of the efficiently and harmoniously operating company in the areas where it is one of the most powerful and successful entity. It can be said that the decision to sell the “Top Gear” magazine publishing company is a consistent stage of implementation of the decision to optimize our company’s activities and focus on the energy and financial service areas. We are pleased with the fact that a successful magazine was purchased by the company which will continue the work in progress as well as carry on the development of the best media traditions of this field,” says Magnus Astrom, the chairman of the board of UAB “Scaent Baltic” owning UAB “SC Baltic Media”.
UAB “ON Media” is the holder of a controlling interest of such daily newspapers as “Kauno diena”, “Klaipėda”, “Sekundė” and weekly newspapers “Vilniaus diena” and “Panevėžio balsas”.
UAB “Scaent Baltic”
Phone: (8-5) 242 11 21