Adria TV

Adria TV

Adria TV doo is a publisher of a national frequency TV Adria, previously known as A1 and owned by the fugitive Montenegrin businessman Duško Knežević. A1 television was bought by the Serbian businessman Bratislav Stojiljković, was renamed into Adria TV, and obtained a national frequency from the Agency for Electronic Media of Montenegro.

In 2023 Stojiljković stepped out, and new owners appear to be Miloš Janjušević and Aca Babić, who are not known in the media circles in the country. There is no publicly available information on the circumstances and terms of the ownership change.

Program director and editor-in-chief of Adria TV is Rajka Raičević, an experienced editor and journalist from Montenegro, who has previously worked in the daily “Dan”.

Key facts

Business Form


Legal Form

Limited Liability Company (LLC)

Business Sectors

Production and broadcasting of television programme


Individual Owner

Media Outlets
Other Media Outlets

Other Online Outlets

Adria TV portal


General Information

Founding Year


Affiliated Interests Founder

Founders of the company are two companies: Adria management services d.o.o. Podgorica and A Media Invest d.o.o. Podgorica
Adria management services is the company that owns another media outlet - Borba Portal. A Media Invest d.o.o. is a company that produces and broadcasts television programme owned by another company Končar Mont d.o.o. solely owned by Aca Babić.




Stanka Dragojevića bb

Phone number: +38268827058


Tax/ ID Number


Financial Information

Revenue (Financial Data/ Optional)

0,003 million EUR / 0,003 million USD

Operating Profit (in Mill. $)

-0,522 million EUR / - 0,548 million USD

Advertising (in % of total funding)

Missing data


Supervisory Board

Bratislav Stoiljković, President of Board of directors

Other Influential People

Miljan Žugić

The president of the board of directors of the Adria group, the director of the companies Adria Management Services, Adria Marketing Media and Adria TV and also newly elected president of RK Partizan. He is a former basketball player.

Blagan Mandžić, CEO of Adria TV d.o.o. There is no publically available data about this person.

Further Information

Active Disguise

in addition to unavailability of true data, ownership is disguised, e. g. through bogus companies, etc.

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Meta Data

The data on the media company was collected from the Central Registry of business entities of Montenegro, Agency for electronic media, Tax administration portal Taxis, website of the media and desk research.
MOM team in Montenegro contacted the media outlet on August 18, 2023, as is the practice for Media Ownership Monitor, to invite the media owners to proactively disclose information relevant to the study.
The annual average exchange rate of the Central Bank for 2022 was used to convert EUR into USD (1,05).