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NIN (magazine)
Encyclopedia
NIN is a weekly newsmagazine
published in Belgrade
, Serbia
. Its name is an acronym for Nedeljne informativne novine (Недељне информативне новине) which roughly translates into Weekly Informational Newspaper.
Though a current events magazine in its essence, NIN also earned an esteemed reputation due to a long tradition of opening its pages to the best and the brightest within Serbia
n, and previously Yugoslav society, whether in arts, sciences, or even sports. This reputation has recently somewhat been tarnished as the magazine was forced into commercial competition with numerous political periodicals that sprung up in Serbia
after the collapse of socialism
. Since then, NIN has adopted a slightly more populist tone, though it's still highly regarded.
, the magazine has 35 employees.
In July 2008, the magazine celebrated the release of its 3000th issue. On March 13, 2009 it was announced that majority stake in the magazine was bought by Swiss media company Ringier AG.
, and 3% owned by the employees. A 60.9% stake (70% of the public stake) in the magazine was to be auctioned off on September 29, 2007 with starting price set at RSD
13.2 million (~ €
170,000). However, the auction as the method of privatization for the magazine was scrapped by the Serbian Privatization Agency due to employee demands and a new tender
was set for sometime during spring 2008.
The tender was actually opened on October 30, 2008 and it closed on December 19, 2008. On December 25, 2008, it was reported that companies Ringier AG and Novosti AD
submitted competing offers for 61.48% stake in NIN (70% of the magazine's public stake, which is in turn 87% of the total stake).
In mid March 2009, it was announced that Ringier AG bought the majority stake in NIN for RSD57.455 million (~ €810,000). Soon afterward the magazine's headquarters moved from Cetinjska Street to Kraljice Marije Street at the same location where Blic
daily (Ringier's other major asset in Serbia) has its headquarters. Sometime in April 2009, longtime editor-in-chief Slobodan Reljić was let go and replaced with Srđan Radulović, up to that point an editor at Blic daily. The change was done quietly without any press releases.
In September 2009, an open letter written by the magazine's longtime journalists to Ringier AG chairman Michael Ringier surfaced in which they're criticizing some of the move's and changes since Ringier took over.
(Нинова награда, the NIN Prize), which has over the years become one of the highest honours for contemporary Serbian authors. The award is also very relevant commercially as its recipients usually go on to become bestsellers.
Newsmagazine
A news magazine is a typed, printed, and published piece of paper, magazine or a radio or television program, usually weekly, featuring articles or segments on current events...
published in Belgrade
Belgrade
Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...
, Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
. Its name is an acronym for Nedeljne informativne novine (Недељне информативне новине) which roughly translates into Weekly Informational Newspaper.
Though a current events magazine in its essence, NIN also earned an esteemed reputation due to a long tradition of opening its pages to the best and the brightest within Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
n, and previously Yugoslav society, whether in arts, sciences, or even sports. This reputation has recently somewhat been tarnished as the magazine was forced into commercial competition with numerous political periodicals that sprung up in Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
after the collapse of socialism
Socialism
Socialism is an economic system characterized by social ownership of the means of production and cooperative management of the economy; or a political philosophy advocating such a system. "Social ownership" may refer to any one of, or a combination of, the following: cooperative enterprises,...
. Since then, NIN has adopted a slightly more populist tone, though it's still highly regarded.
, the magazine has 35 employees.
In July 2008, the magazine celebrated the release of its 3000th issue. On March 13, 2009 it was announced that majority stake in the magazine was bought by Swiss media company Ringier AG.
2009 sale
In 2007 NIN was preparing for privatization. At that time the magazine's ownership structure was: 87% publicly owned (društveni kapital), 10% owned by Politika ADPolitika AD
Politika a.d. is a Serbian media corporation founded in present form in 2005, and it has continually existed in various legal forms since 1904....
, and 3% owned by the employees. A 60.9% stake (70% of the public stake) in the magazine was to be auctioned off on September 29, 2007 with starting price set at RSD
Serbian dinar
The dinar is the currency of Serbia. An earlier currency also called dinar was used in Serbia between 1868 and 1918. The earliest use of the dinar date to 1214. Today's Serbian dinar is a continuation of the last Yugoslav dinar...
13.2 million (~ €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
170,000). However, the auction as the method of privatization for the magazine was scrapped by the Serbian Privatization Agency due to employee demands and a new tender
Tender offer
Tender offer is a corporate finance term denoting a type of takeover bid. The tender offer is a public, open offer or invitation by a prospective acquirer to all stockholders of a publicly traded corporation to tender their stock for sale at a specified price during a specified time, subject to...
was set for sometime during spring 2008.
The tender was actually opened on October 30, 2008 and it closed on December 19, 2008. On December 25, 2008, it was reported that companies Ringier AG and Novosti AD
Novosti AD
Novosti AD is a Serbian media company founded in 1953.Among its assets, the company holds high-circulation daily newspapers Večernje novosti and JSL Sport as well as various periodicals...
submitted competing offers for 61.48% stake in NIN (70% of the magazine's public stake, which is in turn 87% of the total stake).
In mid March 2009, it was announced that Ringier AG bought the majority stake in NIN for RSD57.455 million (~ €810,000). Soon afterward the magazine's headquarters moved from Cetinjska Street to Kraljice Marije Street at the same location where Blic
Blic (newspaper)
Blic is a tabloid daily newspaper in Serbia owned by Ringier AG group from Switzerland.Started in 1996, it has gone through a slight format change during the mid 2000s to include more in-depth coverage, but it is still, as its name aptly suggest, a paper devoted to quick, concise,...
daily (Ringier's other major asset in Serbia) has its headquarters. Sometime in April 2009, longtime editor-in-chief Slobodan Reljić was let go and replaced with Srđan Radulović, up to that point an editor at Blic daily. The change was done quietly without any press releases.
In September 2009, an open letter written by the magazine's longtime journalists to Ringier AG chairman Michael Ringier surfaced in which they're criticizing some of the move's and changes since Ringier took over.
The NIN Literary Award
In January every year, NIN's special jury vote on what they feel was the best novel released during the previous year and award it with Ninova nagradaNIN Prize
The NIN Prize is a Serbian literary award established in 1954 by NIN magazine and is an given annually for the best newly published novel in Serbian literature . The award is presented every year in January by a jury of writers...
(Нинова награда, the NIN Prize), which has over the years become one of the highest honours for contemporary Serbian authors. The award is also very relevant commercially as its recipients usually go on to become bestsellers.
Editors
The list of individuals who performed editor-in-chief duties at NIN.- Nebojša Spaić October 2010 - present
- Veselin Simonović ( acting editor-in-chief ) April 2010 - September 2010
- Srđan Radulović August 2009 - March 2010
- Slobodan Reljić October 2002 - July 2009
- Stevan Nikšić August 1998 - September 2002
- Milivoje Glišić March 1998 - August 1998
- Dušan VeličkovićDušan VeličkovićDušan Veličković is a Serbian writer, journalist and filmmaker.- Biography :Veličković was born in Belgrade in 1947....
March 1994 - February 1997 - Milo Gligorijević
- Velizar Zečević
- Teodor Anđelić