Tanure will have to pay R$ 1 billion in JB debts.
A decision by the Superior Court of Justice (STJ) leaves the responsibility for paying the debt of Jornal do Brasil, a newspaper that now circulates only in digital format, with the businessman from Bahia, Nelson Tanure, and nine of his companies.
247 – A decision by the 3rd Panel of the Superior Court of Justice (STJ) determined that the debt of Jornal do Brasil, currently estimated at around R$ 1 billion, will have to be paid by businessman Nelson Tanure and nine companies controlled by him. According to a report in the newspaper Valor Econômico, which broke the story, the ministers upheld a lien on approximately R$ 800 million in TIM shares to guarantee the debt with Banco Econômico.
The decision benefits the creditors of the financial institution, currently undergoing extrajudicial liquidation, according to Valor Econômico. However, the newspaper reports that the discussion is far from over, as JVCO Participações, controlled by the businessman and holding 0,9% of TIM's shares, is challenging the existence and value of the debt in the Rio de Janeiro courts.
The Jornal do Brasil ceased publication in print in August 2010 and now exists only in digital format. With over a century in circulation, the newspaper was one of the oldest still in circulation in the country. In July 2011, the oldest periodical in Brazil, founded in 1891, was put up for sale by Tanure, as reported by 247That's how the businessman from Bahia gave up on venturing into the media market.