Radio Méditerrannée Internationale

When created, the radio had an ownership division of 51% - 49% between Moroccan - French capital owners. On the french side, it was mainly represented by the SOFIRAD, a company charged with overseeing the role/capital ownership of the French state in radios and TVs in France and abroad. However, as of 2013, the SOFIRAD has become a minority shareholder, with only five shares to its name. It stands against three giant shareholders: C.I.R.T. (with 269490 shares; Societe Financiere de Gestion et de Placement, with 140250 shares, a company that is owned at 99.8% by royal holding group SNI (2013 data); and FinanceCom, with 140250 shares as well, a company owned at 90% by finance magnate Othmane Benjelloun and three of his family members (2011 data).

Key facts

Business Form

Private

Legal Form

Limited Company

Ownership

Compagnie internationale de radio et télévision [CIRT]

CIRT is a sub-company of the French company: Société Financiere de Radiodiffusion [SOFIRAD], a Limited Company, whose majority of board members (8) are appointed by the government while the remaining 2 members are to be representatives of press owners. The company was charged with representing French interests and investments in the radio/TV world abroad.

49%
Media Outlets
Other Media Outlets

Other TV Outlets

Medi 1 TV

Other Radio Outlets

Radio Mediterranee Internationale

Other Online Outlets

https://www.medi1.com/

Facts

General Information

Founding Year

1980

Founder

Pierre Casalta

Affiliated Interests Founder

Founder but also CEO of the Radio Medi1 for almost thirty years, Pierre Casalta, a French national had his entries in the inner circles of power in both France and Morocco. He started out at Radio Monte-Carlo before launching the Medi1 venture following directives from former Moroccan King Hassan II and French President Valerie Giscard d’Estaing. A fervent defender of the Moroccan monarchy and a trusted media owner, Casalta launched the sister TV to his radio channel: Media 1 TV (known as Medi1 Sat at the time of its launch). His aim was to build a TV targeting the Maghreb.

Employees

MD

Contact

3, bd Msallah

90000 Tanger, Morocco

Tax/ ID Number

3587

Financial Information

Revenue (Financial Data/ Optional)

7.29

Operating Profit (in Mill. $)

-2.35

Advertising (in % of total funding)

MD

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

 | https://www.infogreffe.fr/entreprise-societe/542094354-financiere-de-radiodiffusion-sofirad-750154B094350000.html |The data regarding ownership dates back to 2008. The company SOFIRAD was shut down in August 2017. No updates were accessible. # |

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