Romanian businessman Dan Adamescu buys Academia Catavencu brand on auction

Romanian businessman Dan Adamescu, who owns the daily newspaper Romania Libera, has won the Romanian magazine brand Academia Catavencu at an auction held on Tuesday, for which he will pay EUR 882,654, including VAT. Represented by the attorney George Dumitru, Adamescu won in front of Orlando Nicoara, general manager of Romanian Mediafax Group, who also wanted to buy the brand. Another auction for the Academia Catavencu brand took place on May 26, and was won, for EUR 1.6 million, by Doru Buscu, the magazine’s editorial director. He had five working days to pay the amount, but he didn't, so the auction has to be resumed. Catavencu SA, the company which went bankrupt, is majority owned by Realitatea Media. Academia Catavencu is a weekly satirical magazine, that also runs investigations. Irina Popescu, irina.popescu@romania-insider.com