The company, under CEO Rupert Murdoch, said in a press statement that the transaction was a consolidation of News Corporation European Television's (NCE TV) assets in Latvia. NCE TV also owns 100% of LNT, the leading Latvian entertainment channel. In addition, NCE TV has holdings in broadcasters in Bulgaria, Poland, Turkey, and Serbia. New Corporation trades on the New York Stock Exchange.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.