Iulian Comanescu

The Romanian Public Television on the Brink of Insolvency

The Romanian public service broadcaster has undergone scores of crises in the past two and a half decades. But now, talk about its insolvency is starting to get serious. The decision-makers’ obsession with the politics involved rather than the reality is likely to provide the last nail in Romanian public media’s coffin.
Managed by an interim board of directors and with debts of almost €160m (US$216.5m) at the end of 2014, the Romanian public television Televiziunea Romana (TVR) is closer to collapse than ever.