Kopernikus Corporation
Kopernikus Corporation is a conglomerate founded by businessman Srđan Milovanović in 1998. It later expanded into media, satellite antenna sales, construction of cable distribution systems, and internet services.
Media assets
Television: Prva, O2 TV
News portal: B92
State Media Matrix Typology
Ownership and governance
In 2018, Milovanović, whose brother Zvezdan Milovanović is a high-ranking member of the ruling Serbian Progressive Party (SNS), sold Kopernikus’ cable-network/cable-operator business (Kopernikus Technology) to the state-owned Telekom Srbija for about €195 million. With that disposal, he then purchased Antenna Group’s Serbian media operations—including TV Prva and O2, along with other media (six cable channels, Play radio, several portals).
Although Milovanović (and Kopernikus) promised in 2018 that editorial lines at Prva, O2 (later B92) would not change under new ownership, local observers (journalists, experts) interviewed for this report in May 2023, March 2024 and May 2025 report that Prva and B92 have increasingly adopted a visibly pro-government tone, consistent with what is often described as media capture.
Source of funding and budget
There is no reliable public information located so far (as of mid-2025) about Kopernikus Corporation’s total revenues or the financial budget for 2024 or projections for 2025-2026.
Editorial independence
Concerns about decreased editorial independence, increased alignment with government narratives. Experts and journalist sources report that Prva and B92 are seen as “mouthpieces” or having pro-government tone.
September 2025