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A Comparative Financial Analysis of Dominant Media Groups in Belgium

Author: Manon Verougstraete Market overview Belgium’s media market is inherently fragmented, owing to its three distinct language groups, which also constrain its overall size. Media outlets are predominantly split between Flemish-speaking and French-speaking audiences, reflecting the country’s linguistic divide. Beyond these two major groups, a niche German-speaking market exists, catering to the mere 1% of the […]

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VRT

The VRT and the RTBF were both established as part of the Belgian National Institute for Radio (NIR) in 1930. The NIR was comprised of two departments, one for the Flemish-speaking audience (the “Belgisch Nationaal Instituut voor de Radio-omroep,” or NIR) and the other for the French-speaking audience (the “Institut National belge de Radiodiffusion,” or

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RTBF

The VRT and the RTBF were both established as part of the Belgian National Institute for Radio (NIR) in 1930. The NIR was comprised of two departments, one for the Flemish-speaking audience (the “Belgisch Nationaal Instituut voor de Radio-omroep,” or NIR) and the other for the French-speaking audience (the “Institut National belge de Radiodiffusion,” or

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Roularta Group

Roularta is the third largest media group in Belgium’s Flemish-speaking media market, following DPG and Mediahuis. The Roularta Group was established in 1954 by Willy De Nolf and his wife, Marie-Thérèse De Clerck. Initially, it consisted of separate local newspapers published in every city of the West Flanders province (West-Vlaanderen in Flemish). Over time, these

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Rossel Group

The Rossel Group is the largest in the French-speaking Belgian media market, with a rich history dating back to 1887 when the newspaper Le Soir was founded by Émile Rossel and two of his friends, Nicolas Corbelin and Édouard Roels. During World War I, publication of Le Soir was suspended, but it resumed under the

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Mediahuis

Mediahuis is a prominent media group in the Flemish media market of Belgium, along with DPG. It was formally established in 2014 through the merger of the Flemish publishers Corelio and Concentra in 2013. This transformation significantly impacted the media landscape, resulting in the consolidation of all Flemish media outlets under the control of the

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IPM Group

IPM is one of the most prominent media groups in French-speaking Belgium, operating behind its largest competitor, the Rossel Group. IPM was initially composed of two core newspapers: La Libre, launched in 1884 under the name Le Patriote by Victor and Louis Jourdain, and La Dernière Heure, first published in 1906 by three university friends:

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DPG Media Group

Along with Mediahuis, DPG Media Group is one of the two largest media groups in Flemish-speaking Belgium, both of which dominate the print media market. The DPG Media Group adopted its current name in 2019, having previously been known as De Persgroep. The company was established in 1987 when the Van Thillo family acquired 66%

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The Money Machine: A Deep Dive Into Romania’s Media Revenue Streams

An analysis of the finances fueling the Romanian media during the past decade reveals a highly imbalanced market, with independent media struggling to survive and the government pumping millions of euros into politically aligned nationwide media groups. The local media market seems to thrive, with hundreds of news portals and small broadcasters competing for audiences.

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