Georgia: Political Storm Brewing Over Future of National Broadcaster Rustavi2
Georgia’s top opposition-minded channel, the influential Rustavi2, claims that an October 1 court ruling that freezes a majority shareholder’s stake in the company will lead to the television station’s closure.
“Today we are as close to ceasing broadcasts as ever,” Rustavi2 Director Nika Gvaramia said at a news conference. “All sources of financing have been shut down,” he said.
A fierce critic of the ruling Georgian Dream Coalition and supportive of the opposition United National Movement, Rustavi2, the country's largest private TV station, has been bogged down in a property dispute with a former shareholder, Kibar Khalvashi, for some time. The dispute led the Tbilisi City Court first to freeze Rustavi2’s assets and, now, the 51-percent stake held in Rustavi2 by the channel’s majority shareholder company, Sakartvelo.
The freeze interrupted the sale of the company to a new owner, who, Gvaramia claimed, was planning to invest $6 million in the national broadcaster.
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