06.20.2007 12:00 AM
Abu Dhabi Consolidates Media Operations
Sheikh Khalifa bin Zayed Al Nahyan, the ruler of Abu Dhabi, has transferred control of the media assets of the emirate to a new public joint stock company, Abu Dhabi Media Co. (ADMC). According to the WAM Emirates News Agency, ADMC is fully owned by the government of Abu Dhabi with a capital of 100 million dirham.
Under the law establishing ADMC, the company is responsible for all media-related activities in Abu Dhabi, including broadcasting, production, marketing, advertisement and associated services, as well as the provision of media services via the Internet and other mediums and publishing of newspapers and magazines in Arabic and other languages.
Abu Dhabi Satellite Channel, Abu Dhabi Sport Channel, Abu Dhabi Radio, Emarat FM Radio, Holy Qur'an Radio, Al Ittihad newspaper, and the magazines Zahrat Al Khaleej, Al Super, and Majid have all been transferred to the control of ADMC.
ADMC, based in Abu Dhabi city, will enjoy financial and administrative independence from the emirate, although it will continue to be supported by government allocations, advertising income and grants.