Report: Andy Vajna will own TV2

The new owner of Hungarian commercial channel TV2 will be announced this week, and Andy Vajna, government commissioner in charge of the Hungarian film industry will take over as proprietor, Hungarian online daily figyelo.hu reported today.

According to the daily, the contracts have been signed by Vajna, while current owners Zsolt Simon and Yvonne Dederick will sign the contracts “soon”.

Vajna will reportedly take over the debts from the current owners and Simon and Dederick are expected to get more for the channel than they originally paid. Vajna will reportedly take out a loan to cover the more than HUF 20 bln purchase price, figyelo.hu said.

Once the contracts are signed by all parties, Hungary’s National Competition Office (GVH) will need to approve the acquisition, the daily says, adding that by the end of the year the channel could be under the ownership of a Fidesz-friendly entrepreneur.