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๐Ÿ‡ท๐Ÿ‡ธ Serbia /Culture & Society

Alpaca Capital Takes Over N1, Nova, Danas; Directors Replaced

From N1 Serbia · () Serbian

Translated from Serbian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Pedro Vargas Santos David, owner of Alpaca Capital, has officially been registered as the director of all independent media within ANN, part of the United Group in Serbia.
  • Directors of Nova portal, Radar weekly, Danas newspaper, and N1 television have been dismissed as part of the takeover.
  • N1 stated that the takeover process is proceeding as planned and will not affect the editorial policy or decision-making processes of the N1 newsroom.

Pedro Vargas Santos David, the owner of Alpaca Capital, has officially been appointed as the director of all independent media outlets under ANN, a member of the United Group in Serbia. This move signifies a significant shift in the leadership of several prominent Serbian media organizations.

Official records from the Serbian Business Registers Agency confirm that the decisions to appoint Alpaca Capital's owner were made today. Following this, several key directors were dismissed. These include Mihailo Joviฤ‡eviฤ‡, director of the Nova portal and newspaper, as well as the weekly Radar. Aleksandra Mitiฤ‡, director of Dan Graf, the publisher of Danas, and Brent Sadler, who held the position of director at Adria News and N1, were also removed. Sadler's recent appointment as director of Adria News Nova S was also rescinded. Janez ลฝivko, who served as director of Nova S television, was dismissed in the same reshuffling.

The process of taking over Adria News Network (ANN) continues in accordance with the previously announced plans, and the change of ownership will not affect the editorial policy of TV N1, nor the way our newsroom makes editorial decisions.

โ€” N1N1's statement regarding the change in ownership and its impact on editorial operations.

Despite the changes in leadership, N1 has issued a statement emphasizing continuity in its operations. The media outlet affirmed that the acquisition process for Adria News Network (ANN) is progressing according to prior announcements and that the change in ownership will not impact N1's editorial policy or its methods for making editorial decisions. The N1 newsroom reiterated its commitment to upholding the same professional principles and standards, with the editorial team retaining full responsibility for content selection, reporting methods, and editorial choices made in the public interest.

The N1 newsroom continues to work according to the same professional principles and standards as before. The editorial team retains full responsibility for the selection of topics, the manner of reporting, and editorial decisions in the public interest.

โ€” N1N1's statement affirming its commitment to professional standards post-takeover.
DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.