On March 31, Emerging Media Holdings- (EMDH.OB) released its financial report for 2007 and the results were nothing short of spectacular. In 2007, net income dramatically increased by $179,958 to $200,949. The net income increase was largely due to a 91% revenue increase from $594,719 to $1,139,415. Emerging Media Holdings, Inc.’s business is radio and television broadcasting in the Republic of Moldova. The company produces and broadcasts television programs and news for its Moldovan viewing audience, in addition to owning a popular television channel, TV7.
Emerging Media Holdings operates through its two subsidiaries, Media Alianta S.R.L. and Analytic Media Group, S.A. Analytic Media Group is a market leader in television advertising and production. This subsidiary is driven to create a television channel of information and entertainment for Moldavian viewers. Currently, 90 percent of Moldovan cable television operators have signed agreements with Analytic Media Group. Through these agreements, the subsidiary reaches 100,000 subscribers.
Emerging Media Holdings stated that 2007 was a period of continuous market share growth for channel TV7. Because the TV station was inaugurated in 2006, management focused on increasing its audience during the 2007 period. Due to determined efforts, channel TV7 obtained a 12% market share in Moldova in 2007, and maintained its second place ranking among TV channels in Chisinau, the capital of Moldova. This is outstanding considering that the station did not even exist in early 2006. For 2008, Emerging Media Holdings expects that channel TV7 will own at least a 20% market share in Moldova. The company expects that the increased share will generate increased revenue and net income again in 2008.
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