Est Media unit initiates bankruptcy procedure against itself
Est Media-owned unit EMG Mediacsoport on Monday submitted a request to the Budapest Municipal Court to have bankruptcy procedures initiated against itself, Est Media told MTI. The 100%-owned Est Media unit hopes that the procedure will enable the company to come to bankruptcy agreements with its creditors, the largest of which is Est Media itself. Est Media is a B-category issuer at the Budapest Stock Exchange.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.
