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Reuters Files Insolvency Injunction Against Romanian Media Firms Realitatea Media, NewsIn
British news agency Reuters has demanded the bankruptcy of Romanian firms Realitatea Media and NewsIn, which are part of the Realitatea-Catavencu group, through two claims filed with the Bucharest Court on March 5.
The two claims request that insolvency proceedings be initiated against Realitatea Media SA and SC NewsIn Media SRL, both part of the Realitatea-Catavencu group owned by businessman Sorin Ovidiu Vantu.
The court has scheduled hearings in both cases for June 3.
Realitatea Media SA operates TV stations Realitatea TV, The Money Channel, ActionStar, CineStar and ComedyStar, and radio stations Realitatea FM, Radio Guerrilla and Radio Alpha. NewsIn Media SRL owns news agency NewsIn.
Realitatea Media SA lost around 76.3 million lei (EUR1=RON4.1007) in 2008, with a RON100.3 million turnover, according to 2008 the financial statements published by the Finance Ministry. The company's losses grew compared to 2007, when it lost RON27.1 million.
SC NewsIn Media SRL's losses totaled RON2,881,604 in 2008, with a RON6,636,493 turnover, according to the financial statement.
Reuters Romania officials could not be reached for comment. On
the other hand, Realitatea-Catavencu operational manager Mihnea
Vasiliu told MEDIAFAX he is unaware of Reuters' legal action.
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Antonescu: Ponta nu a minţit spunând, precum Băsescu, că ”va curge lapte şi miere”
Politic astăzi, 15:15
Preşedintele PNL, Crin Antonescu, a declarat, sâmbătă, la lansarea candidaţilor USL Neamţ, că îl felicită pe premierul Victor Ponta pentru că nu a minţit spunând, precum preşedintele Traian Băsescu, că "va curge lapte şi miere". citeşte tot
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Producătorul "Dallas" Lee Rich a murit la 93 de ani
Life-Inedit astăzi, 14:34
Producătorul de televiziune Lee Rich, omul din spatele unor seriale de succes ca "Dallas" şi "The Waltons", a murit joi, la vârsta de 93 de ani, de cancer pulmonar, în casa lui din Los Angeles, potrivit latimes.com. citeşte tot





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