Socialist politician Robert Braun has said that as a shareholder, he demands that Germany’s ProSiebenSat.1 halt the sale of Hungarian commercial television station TV2.
Braun told a news conference on Monday that he had bought a single share in the German media company in the past few days in order to inform other shareholders that “the management is giving help to a nefarious and corrupt business”.
He said that if ProSiebenSat.1 does not stop the sale of TV2 — one of two major commercial television stations in Hungary — within a week then he would turn to the European Commission and the US Justice Department (one of the owners of ProSiebenSat.1 is an American investor) over the matter.
The German company has extended a loan to the new owners, Zsolt Simon, TV2’s managing director, and Yvonne Dederick, the station’s finance director, to fund the purchase.
Braun said it was suspected that the buyers were preparing to pay off the loan using revenue from state-led advertising once the ruling Fidesz party were to win the spring general election.