MD Company

"M.D. Company" d.o.o. is the company that has the national licence to operate Radio D Plus. It has been broadcasting from Podgorica since 2002. It shares the same website and postal address as Radio D, owned by Jumedia Mont d.o.o., publisher of the daily and Portal Dan, and the weekly Revija D. Owners of "M.D. Company" d.o.o. are Dejan Ražnatović and Ljiljana Martinović.

MD Company and Jumedia Mont are affiliated companies. Dejan Ražnatovic, is a close family member of Slavica Jovanović, co-owner of Jumedia Mont d.o.o..Mladen Milutinović, the Editor in Chief of Radio D plus, 50% owner of Jumedia mont is also an authorised representative of "M.D. Company" d.o.o.

Key facts

Business Form


Legal Form

Limited Liability Company (LLC)

Business Sectors

Radio broadcasting


Individual Owner

Media Outlets

General Information

Founding Year


Affiliated Interests Founder

Dejan Ražnatović and Ljiljana Martinović

According to available data, the founders of "M.D. Company" d.o.o. are Dejan Ražnatović and Ljiljana Martinović




13. Jula bb, Podgorica

Phone number: +38220481570


Tax/ ID Number

(PIB): 02338629

Financial Information

Revenue (Financial Data/ Optional)

0,170 million EUR / 0,178 million USD

Operating Profit (in Mill. $)

0,002 million EUR / 0,002 million USD

Advertising (in % of total funding)

Missing Data


Other Influential People

Mladen Milutinović

The editor-in-chief of Radio D plus, is the owner of 50% of Jumedia mont. He is also editor-in-chief of the daily newspaper “Dan”.
Milutinović is also an authorised representative of "M.D. Company" d.o.o.

Further Information

Data Publicly Available

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