A few months since the rumors related to Boom’s bankruptcy, after several online publishers claimed a series of debts of the online platform, the Bucharest Court House (TMB) approved the request of opening the insolvency procedure filed by Realmedia Network, the publisher of the imobiliare.ro Web site.
Both Netbridge Investments and Realmedia Network are part of the NCH group, headed by Siminel Andrei. According to tmb.ro, Netbridge Investments can appeal to the sentence given on 14 July, as no irrevocable decision has been made yet.
The Managing Director of F5, the news media division of the Realitatea-Catavencu trust, Dragos Stanca, said that Boom’s situation is only casting a shadow on the online industry, at a very bad time. “Moreover, it is a consequence of an aggressive strategy, which is now turning against them, that of trying to obtain an artificial market share,” Stanca said.
