January 13th, 2014

Socialist demands halt to sale of TV2

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.

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  • http://politicsinhungary.wordpress.com/ Leto مؤدّب

    A single share? This corrupt postcommie bastard could have afforded to buy many more.

  • MagyarViking

    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

    Increadable – the Seller is loaning money to the Buyers, so the Buyers can pay the Seller…

    Hey Mr. ProSiebenSat.1 – You do not have anything more you want to “sell”?

  • Guru

    “as a shareholder”

    Incredible, so owning one share – a minuscule amount – already gives him rights to demand things up and down. This can be translated to, “we want to keep commercial TV only saying bad things about Fidesz. This isn’t fair!”

    • Reality Check

      As a single shareholder he has the right to demand anything he likes. That does not mean his demands must be or will be met. However, by raising awareness other shareholders may agree with him and if there are enough “shares” that disagree with the decision, then the demand might be collectively met. That seems fair.

  • Guru

    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.

    All coming from a single shareholder. Does that still seem “fair”?

    • MagyarViking

      Yes, small sharholders should just shut up!
      Let Big Capital rule undisturbed!
      That was your motto?

  • Hungarian

    Here is another fucking piece of propaganda journalism by those fucking Ferengi Jews.
    The title sais socialists.
    Then the article reveals its only one fucking dude out of his fucking mind with one single share making demands!

    Are you Jewish journalists fucking crazy?

  • Freedom

    He would turn to the American Justice Department or EC?

    Haha

    Thanks for the laugh Robert Braun, but the American Justice Department has no say or right to interfere in the sale of a television station in Hungary, just like the Ministry of Public Administration and Justice has no right or say on which channels or stations can be sold in American jurisdiction.

    If an American, or any other shareholders have a complaint then they must go through the proper legal channels in Hungary. If an American wants to complain in the U.S then should send a note to one to their senators or the president who can then contact the Hungarian embassy or other diplomatic channels in order to request more information. However, there is not much that can be done on that front unless the businesses involved decide not to sell. The final decision is
    ProSiebenSat.1 to make.

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