Media
Cable Operator UPC Romania Lost 16,700 Clients In 1Q, To 1.14M
Cable television operator UPC Romania's client base dropped by 16,700 in the first quarter, to around 1.14 million, but the number of subscriptions decreased by only 11,500, as the company g...
Senate Committee Supports Mandatory TV Airtime For Cultural Programs
The Romanian Senate's committee for culture matters on Tuesday voted to support a bill which requires television stations to reserve airtime for cultural and educational broadcasts.
Businessman Elan Schwartzenberg Confirms Realitatea TV Takeover
Businessman Elan Schwartzenberg on Saturday confirmed he has taken over a 92% stake in TV station Realitatea TV owned by Sorin Ovidiu Vintu, who is currently under arrest on charges of black...
Romanian Media Owner Sorin Ovidiu Vintu Arrested For Blackmail
Romanian businessman Sorin Ovidiu Vintu and his employee, Ion Ilie Cezar, accused of blackmailing the manager of TV station Realitatea Media, Sebastian Ghita, will be placed under 29-day pre...
RCS&RDS Sells Preference Shares To Staff
Romanian telecom and internet provider RCS&RDS plans to sell preference stock to its staff and inter-group companies, according to a summoning notice to its shareholders.
CME Q1 Revenue Up 20% To $172.8M
Central European Media Enterprises (CME) reported 20% higher net revenue in the first quarter of 2011, up to $172.8 million, and the group expects its TV advertising markets to grow this yea...
Romanian Senate Rejects Bill On Internet Pornography
The Romanian Senate on Tuesday rejected a bill preventing and fighting internet pornography, as the draft normative act did not garner sufficient votes for approval.
3TS Capital To Launch EUR30M Fund Targeting IT&C, Media SMEs
Private equity firm 3TS Capital Partners will launch a EUR30 million fund targeting small- and medium-sized enterprises in companies in technology, media and communications sectors, Investme...
Romanian Media Owner Sorin Ovidiu Vintu To Be Investigated At Large For Blackmail
A Bucharest court ruled late Thursday Romanian businessman Sorin Ovidiu Vintu may be investigated at large for blackmailing the manager of his TV station, Realitatea Media, Sebastian Ghita.