Its owners are Romanian politician Cozmin Guşă and businessman Maricel Păcuraru.

However, it began broadcasting hourly newscasts and soon changed its format, becoming the first news television in Romania.

Prigoană brought Ion Cristoiu to supervise the channel and rise its audience.

Vântu was occasionally accused of using his television to manipulate public opinion against President Băsescu and his party.

After the channel went into insolvency in 2011, Vântu sold it to businessman Elan Schwarzenberg, while the management of the media group was under the control of Sebastian Ghiță.