The ownership of the channel Romantica could be about to change in Romania.
According to Media Expres, the local media group Realitatea/Catavencu, a shareholder in the channel, has put in a bid to buy out the stake held by Chello Media, the other shareholder.
At the same time, it has decided to temporarily cease investing in Romantica and to both temporarily stop producing and broadcasting local content as of this quarter.
Besides its stake in Romantica, which is aimed at female viewers, Realitatea/Catavencu’s interests include the TV station Realitatea TV and the Money Channel, Romania’s first business channel.