TV news: TV2 management buyout; Eurosport off the air


Representatives of Hungary-based television station TV2 confirmed this week that CEO Zsolt Simon and CFO Yvonne Dederick have bought out Germany-based media company ProSiebenSat1 for ownership of the company for an undisclosed amount. 

The value of the company has been set at over HUF 20 billion; Simon stated to local media that the purchase was backed by Hungary-based financiers, but declined to identify the parties. Calls by MPs Róbert Braun and Viktor Szigetvári to disclose this information have thus far gone unheeded.

ProSiebenSat1 also divested its Romania-based operations in a decision reportedly first made in 2012.

Eurosport gone from three CEE countries
“Thanks” to an agreement with the English Premier League, Romania-based transmission operator RCS & RDS has ceased broadcasts of Eurosport in Hungary, the Czech Republic and Slovakia.

After signing the contract with the British association for Romanian-language transmission of matches, Eurosport began broadcasting the games in the three CEE countries in addition to Romania. After a number of complaints were received by the transmission company that the Eurosport network had been switched to a Romanian-language station, RCS & RDS pulled the station from its roster.

RCS & RDS representatives stated that Eurosport bears full responsibility for providing televised content and that they were unaware of the switch in programming.

More than 1 million households were subscribed to Eurosport in the three countries.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.