31.03.2011

OFFICIAL POSITION OF "MEDIA GROUP BULGARIA HOLDING"

There is no scandal in Media Group Bulgaria Holding, and no change in ownership. There are partners who failed to secure the necessary financing for the share they requested. Therefore, they must be satisfied with what is due to them.

The proportion of partners' shares was changed according to their financial participation in the transaction according to the preliminary agreements signed by the partners.

The purchase of "Trud" and "24 chasa" is a financial transaction in which we fulfilled our commitments to investors.

We feel deceived by Mr. Hristo Grozev, who inexplicably tries to justify the lack of financial resources with media appearances.

We categorically state that editorial freedom in the two most authoritative Bulgarian newspapers does not need a "handbrake", regardless of whether it is held by an "Austrian" or another hand. Editorial freedom, moreover, is something different from the management of "Bulgaria Holding Media Group".

We guarantee that "Trud" and "24 chasa" remain independent, and the determination of their editorial policy is the right and duty of the chief editors and journalists.

Once again - as far as Mr. Hristo Grozev is concerned, we can only state that he is trying to compensate for the lack of legal and financial arguments with attempts to manipulate public opinion.