Romanian mogul acquires four new titles

The ‘Catavencu’ print Group, belonging to the controversial Romanian mogul Sorin Ovidiu Vîntu, officially stated it acquired four new titles in its portofolio. ‘Bilant’, an economic monthly, IQAds.ro, a media and advertising Internet site, ‘J’Adore’, a shopping magazine, and ‘Psihologia Azi’, a psychology monthly, will raise the total of titles in ‘Catavencu’ to 14.

‘Catavencu’ was taken over by Vîntu in may, 2006. The transaction is part of the so-called oligarchs assault on the media market. Dinu Patriciu, another controversial billionare, also started to build a media empire earlier this year, while Dan Voiculescu and Adrian Sîrbu, the other two big media owners, have also been active on the market lately.

• Romanian oligarchs slow down their assault of the media market [EN, Comanescu.ro]

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1. The president Basescu had another public attack against the media groups conrolled by the oligarchs (this was after his speech in the Parliament).

   BBC story:
   http://www.bbc.co.uk/romanian/news/story/2006/12/061219_interviu_basescu.shtml
   (Iulian, maybe you’ll find the english version on the website)

   A keyword in the interview is the word “triangle” used the define the negative reactions caused by the “Tismaneanu report”: the occult groups trying to weaken the romanian institutions are formed of ex-soviet or ex-securitate businessmen, politicians and media groups.

   Comment by Bogdan Gavrila — December 20, 2006 #

2. Yes, I’m aware of the story, however - there is no English version. I have to write one myself - maybe you’ll see it tomorrow.

   Vîntu’s announcement could be some kind of defiance after Băsescu’s statements on the BBC.

   Comment by Iulian Comanescu — December 20, 2006 #

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