 Faced with the impossibility of regular loan repayment, the ownership (Ninoslav Pavić and WAZ-Mediengruppe with 50 percent each) reached in February 2014 a pre-failure settlement with creditors.So 90 percent of the share passed into the hands of the Hypo Group, which soon sold its share to the local attorney and prominent distraint enforcer for state-owned national broadcaster HTV, Marijan Hanžeković.Founded in 1990 by Ninoslav Pavić and his partners, Europapress Holding's first publication was the weekly news magazine "Globus".