DBV Media House declars insolvency

DBV Media House, advertising sales house, demanded a Bucharest Court to start the insolvency procedure, according to DailyBusiness.ro.

Founded in November 2002, the sales house is focused on TV and print. It ended 2011 with RON 10M turnover and RON 250,000 net profit. For the same year, the company owed RON 6M and had creances of RON 7M, according to Finance Ministry’s data.

DBV was selling ad spaces for OTV, Music Channel, Money Channel, Realitatea TV and Tabu magazine.

Translation provided by AdHugger