Romanian businessman Dan Adamescu buys Academia Catavencu brand on auction
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