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Pink Media Group restructuring and layoffs
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2026-11-02 10:44 UTC → 2026-11-03 19:37 UTC ·
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Željko Mitrović, owner of Pink Media Group, has announced a major restructuring plan to stabilize unprofitable parts of his business conglomerate. The plan involves the potential layoff of approximately 1,000 employees across roughly ten companies. The companies within his system. This restructuring has already resulted impacted the Odeon Theater in Belgrade, where the dissolution of all ensembles at the Odeon Theater in Belgrade, leaving left 150 employees without jobs. Financial reports indicated records indicate the theater theater, which opened in September 2024, faced significant losses, challenges with 2024 expenses far exceeding revenues. Following these developments, Mitrović addressed high operating costs relative to its revenue. While Pink Media Group reported a net profit of nearly 5.5 million euros last year, other ventures have struggled with profitability. Addressing rumors regarding the potential shutdown of Pink television. Appearing television, Mitrović appeared on the program “Hit Tvit” with former Serbian President Aleksandar Vučić, Mitrović Vučić. He clarified that changes in brand identity do not necessarily mean the cessation of broadcasting, though he stating, “It is just a brand, television is a program, not its trademark. It is not that easy.” He did not provide specific details regarding the future of the station.
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- 2026-11-03 19:37 UTC Pink Media Group restructuring and layoffs
- 2026-11-02 10:44 UTC Pink Media Group restructuring and layoffs
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