National Greek Television (NGTV), the first private Greek-owned TV channel in the US, has been sold to a group of Greek-Americans, including lawyers Latos and Latos, an American director, a Greek-American constructor/contractor and Yanna Darilis, each part owning 20 percent of the channel.
The former owner of NGTV Dimitris Kastanas as well as the new owners refused to comment or give details on the sale before jointly announcing it.
According to information, the sale contract has already been signed by both sides. The TV channel was sold for $600,000.
The preliminary contract is reportedly signed several weeks ago and the so-called closing was completed on Thursday, after a two weeks long delay unexpectedly caused by Time Warner Cable responsible for transmitting the NGTV programs in NY and NJ.
The new executive director of NGTV is Yanna Darilis, who was born and raised in NY to Greek parents and has year-long experience with TV productions.