2009’s key moments in media industry

Simina Mistreanu, 5 Jan 2010

Romanian version

Romanian media and advertising market is going into 2010 without several major newspaper titles, and with a lower value, but with firm growth prospects from dynamic sectors, such as internet and film industry.

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2. Vantu sheds print operations

One of the crisis’ heaviest casualties in the media industry in 2009 has been the print media business of Realitatea group, after Sorin Ovidiu Vantu said in December: “I will permanently close print media business, and focus solely on online.” Thus, the final editions of Cotidianul newspaper, founded in 1991 by Ion Ratiu and Business Standard daily went to the presses on December 23rd.

Realitatea Media, company held by Sorin Ovidiu Vantu bought in 2006 Catavencu SA, a deal completed in 2009 when Realitatea acquired the remaining 10% interest in Catavencu. However, from October, the company has relinquished gradually to a number of titles – from lifestyle magazines (Tabu, Superbebe, Bucataria pentru toti, Aventuri la pescuit) to Cotidianul and Business Standard.

Money Express magazines has been acquired by special projects company M&C Strategy, owned by Dragos Nedelcu and Sorin Frenciu, according to paginademedia.ro, while NewsIn agency has been taken over by incumbent chief executive Cosmin Popa.

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2009’s key moments in media industry

2. Vantu sheds print operations

Article comments "2009’s key moments in media industry"

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