Media Outlet Capital Legal Entity Economedia Date of first publication 05/07/2022 Date of Latest Change 20/11/2024

8. Disclosure of Revenue Sources and Data Collection

The aim of disclosure is to be able to assess potential conflicts of interests. Media Outlets are encouraged to exceed the financial disclosure requirements mandated by their national laws in order to achieve this goal. In cases where the requirements cannot be met, a justification for non-compliance should be published.

8.1. Sources of Revenue

The Media Outlet shall disclose a list of its sources of revenue, ranked from largest to smallest. These may include subscriptions, advertising, major donors and donations, subsidies, fees, sales, memberships, sponsorships, events, etc. Organisations obliged to publish or make public their financial information shall provide a reference to the source where the data is accessible. The Media Outlet may disclose its revenue and/or the categories of its sources of revenue, including the respective ratios. A Media Outlet owned by the state or the government, or financed with public money, shall disclose the nature of its source(s) of revenue: license fees, government budget, partnerships, public subscriptions, grants, commercial advertising, or other. Where a media entity deems itself precluded from disclosure of information due to safety and security concerns as outlined in the Terms and Definitions section, these shall be explained.

What are the categories of sources of revenue for the Media Outlet, ranked from largest to smallest? These may include subscriptions, advertising, major donors, donations, subsidies, fees, sales, memberships, sponsorships, events, etc.


Advertising - 41%

Events - 31%

Project Financing - 13%

Subscription - 8%

Retail - 4%

Other - 3%

Is the Media Outlet required to make financial disclosures?

Yes

Are those disclosures visible to the public?

Yes

What is the URL for those disclosures?

https://portal.registryagency.bg/

What is the revenue of the Media Outlet?

Revenues 2023: EUR 2.49 million
Revenues 2024 (budget): EUR 2.779 million

What is the ratio of the categories of revenue sources (as in question no. 46)?

Advertising - 41%

Events - 31%

Project Financing - 13%

Subscription - 8%

Retail - 4%

Other - 3%

Is there any reason for safety and security that you have given incomplete data in this section?

No

8.2. Data collection disclosure

Where a Media Outlet processes personal data from its audiences, on its own or by engaging with third parties, that shall be disclosed. The Media Outlet shall describe what personal data is processed, by which methods and for what purpose.

Does your Media Outlet process any personal information from online visitors on its own or with third parties?

Yes

What information is processed?

As a media company Economedia processes different kinds of user information. Personal data which we collect include emails and passwords, names, contact information, demographics, working status, IP addresses, cookies, some log files. We use the data to create and maintain the user profiles for those who register on our sites and for our services; to send newsletters to their subscribers; to identify the attendees of our events (so they can attend the event); to identify the subscribers of Capital.bg which is under a metered paywall; to measure our sites performance; to serve relevant ads to the users; to follow the tax and accountancy regulations etc.

What is the purpose for gathering that information?

Most of the personal data gathered is either required by the law, or for the purposes of fulfillment of the services or a contract between us and a customer and is collected in compliance with the GDPR. All kinds of personal data which we collect, as well as the purposes and the ways we process it are described in detail in our Privacy policy which is available through this link (https://www.economedia.bg/privacy) at the bottom of every site of ours as well as at every point we collect personal data

By what methods is the information processed?

When users register in our website or for our event we use web forms where they enter their personal data. We make it very clear which kind of data is mandatory and which ones are optional. Users can also register through their profiles in different social media. We only collect such data in the cases when users gave their consent to the social media they chose to use. Data such as cookies and IP addresses is collected only as being a part of the internet functionalities
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