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Tchipeva, Nadezhda

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Kapital - Bulgaria | 31/07/2015

Bulgaria's media can still be bought

The Bulgarian daily Pressa and the weekly magazine Tema have declared bankruptcy and stopped printing on August 1. The two influential papers survived for years on loans from the Corporate Commercial Bank, which itself went bankrupt in 2014,  in return for supporting the Boyko Borisov government, writes the weekly paper Kapital. But Bulgaria's sick media landscape is a long way from recovery: "The 'patron' of the Bulgarian press [Corpbank] is out the window and there is no successor in sight who is prepared to pour vast sums into the media. This does not mean however that the media landscape will return to normal. It was not only the generosity of the Corpbank that destroyed the media but the ever present possibility for the Bulgarian media to sell its influence on public opinion to politics."

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