Report: Andy Vajna will own TV2
The new owner of Hungarian commercial channel TV2 will be announced this week, and Andy Vajna, government commissioner in charge of the Hungarian film industry will take over as proprietor, Hungarian online daily figyelo.hu reported today.
According to the daily, the contracts have been signed by Vajna, while current owners Zsolt Simon and Yvonne Dederick will sign the contracts “soon”.
Vajna will reportedly take over the debts from the current owners and Simon and Dederick are expected to get more for the channel than they originally paid. Vajna will reportedly take out a loan to cover the more than HUF 20 bln purchase price, figyelo.hu said.
Once the contracts are signed by all parties, Hungary’s National Competition Office (GVH) will need to approve the acquisition, the daily says, adding that by the end of the year the channel could be under the ownership of a Fidesz-friendly entrepreneur.
Hungarian online daily index.hu wrote earlier that Vajna would become the head of TV2, because Fidesz needs a channel that can broadcast political messages to reach a far wider viewing audience.
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.