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The Maltese Herald

I was bailed out by Joseph Muscat and Keith Schembri, and today I still can’t make a profit – Saviour Balzan

—

by

Mark Camilleri
in

It’s like a business from the Soviet Union: MediaToday that runs MaltaToday that is. Only, by Saviour Balan who has the temerity to call others a “financial mess”.

MediaToday’s situation in 2011 when it was indebted to its suppliers, banks and contractors with no cash to pay it back:

Today, external capital injection is still needed to keep the company from making a loss, even though most of is from government funding.

 

Comments

11 responses to “I was bailed out by Joseph Muscat and Keith Schembri, and today I still can’t make a profit – Saviour Balzan”

  1. ALBERT MAMO avatar
    ALBERT MAMO

    ITS FUNNY…LITERALLY SPEAKING. ASSOCIATIONS WITH CRIMINALS DOESN’T PAY. SAVIOUR’S SHIP LOOKS LIKE IT’S SINKING FAST!!!????

    Reply
  2. Charles avatar
    Charles

    At least that’s what he’s saying publicly.

    Reply
  3. Sandra Vella avatar
    Sandra Vella

    Really? Say that to the marines or better still to the crooks. Hallina trid Saviour.

    Reply
  4. Mario Galea avatar
    Mario Galea

    Why does this ahole get government funding?

    Reply
  5. On Party Media and Free Markets – Mark Camilleri avatar
    On Party Media and Free Markets – Mark Camilleri

    […] everything.? On top of that, they can’t government subsidies from media adverts and PR and Saviour Balzan can barge in at the Castille and demand the government to bankroll all of his […]

    Reply
  6. How about the ROI of the Tourism-Media Rent-Seeking circuit? – Mark Camilleri avatar
    How about the ROI of the Tourism-Media Rent-Seeking circuit? – Mark Camilleri

    […] parties take place. The owner, Roger Degiorgio is also the co-owner and founder of MaltaToday with Saviour […]

    Reply
  7. Free markets for the press and material compensation for vexatious libel suits – Mark Camilleri avatar
    Free markets for the press and material compensation for vexatious libel suits – Mark Camilleri

    […] Currently, the biggest issue of the local press is that we don’t have a free press in its textbook definition. We have a press that is heavily dependent on government subsidies and some of the local players such as Saviour Balzan have abused this situation to get ahead of their competitors by serving as propagandists (Saviour Balzan was also bankrupt and twice bailed-out by Labour). […]

    Reply
  8. Our greatest hits of 2024 - The Maltese Herald avatar
    Our greatest hits of 2024 - The Maltese Herald

    […] 3) The third most read story was the revelation of the hidden ownership of Saviour Balzan’s media companies. He was also bailed-out twice by the Labour government. […]

    Reply
  9. We will not be moved by bullying, threats, or disinformation by organised criminals - The Maltese Herald avatar
    We will not be moved by bullying, threats, or disinformation by organised criminals - The Maltese Herald

    […] I was bailed out by Joseph Muscat and Keith Schembri, and today I still can’t make a profit – Sa… […]

    Reply
  10. The political “debates” currently featured by the public broadcaster - The Maltese Herald avatar
    The political “debates” currently featured by the public broadcaster - The Maltese Herald

    […] Bondi has been replaced by Saviour Balzan who has recently backed the Labour government’s push of its wholesale takeover of the […]

    Reply
  11. The Labour government's Viktor-Orban-styled manipulation of the press - The Maltese Herald avatar
    The Labour government's Viktor-Orban-styled manipulation of the press - The Maltese Herald

    […] Joseph Muscat entered office, Saviour Balzan was showered with public money and his press was bailed out. Nowadays, MaltaToday‘s revenue comes mostly from the government with private income being […]

    Reply

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