News Summary:
On October 7, 2026, Syn's parent company, Asar, announced it purchased 1.40 million of its own shares, increasing its treasury share holding to 120.07 million shares, representing 5.00 percent of its issued shares. This followed a buyback program announced September 17. Previously, on September 22, Sýn deployed Open Broadcast Systems' solutions for low-latency transport of broadcast feeds over IP, including encoders, decoders, compact multichannel units for field contribution, and larger units for its master control room, extending a decade-long relationship. This followed Syn's decision to discontinue television news production and broadcasting on September 1, with the last TV bulletin airing August 31. Citing a shift in audience habits to digital media, Syn stated it would concentrate news coverage on its Visir online portal and Bylgjan audio broadcasting channels. Earlier, on May 8, Syn reported a 45 percent surge in EBITDaL for the first quarter of 2026, exceeding expectations due to higher core business revenue and targeted cost containment, reflecting an ongoing turnaround in its operations.
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