Realitatea Media group in Romania files for insolvency

Romanian media group Realitatea Media, which runs Realitatea TV and the Money Channel TV stations in the country, has filed for insolvency, according to the Bucharest Court. The first court term was set for September 7. Realitatea Media, which has been taken over by real estate investor Elan Schwartzenberg earlier this year, has a management contract with Asesoft, owned by Romanian businessman Sebastian Ghita. In October 2010, when the management contract was signed, Asesoft ...

Developed by Codecraftsman