Estonia, Investments, Markets and Companies, Telecomunications

According to the information, available to Postimees, Kalev Media is currently trying to find investors for Kalev Sport.

Alar Pink, the CEO of Kalev Meedia, said that this is new information and he is not selling anything.

Peeter Raidla, former journalist for the magazine Ärielu, said that the magazines could have brought 15-17 million kroons loss to the company in a quarter.

As it was already reported, Media speculations spread on Friday that similarly to the magazines of Kalev Meedia, the TV channel Kalev Sport has been offered to be sold to a number of local investors. Media circulations are also speculating with the option that Kalev Sport will continue until the local elections, after which the City of Tallinn that is already commissioning programmes from the channel will take it over.