Mediaworks – The Giant Media Group Sets Up In Hungary
- 2 Oct 2014 9:01 AM
The Austrian Vienna Capital Partners has set up one of Hungary’s largest media companies under the name of Mediaworks Hungary, the new company’s top officials announced. The VPC set up Mediaworks after approval from the Hungarian Competition Office, purchasing most parts of the portfolios the international media companies Ringier and Axel Springer had operated in Hungary, the officials told a press conference.
The chief executive of the new media company is Attila Mihók, president-CEO of the daily Népszabadság until now, and the board is composed of former top managers of Ringier and the regional management of Axel Springer in Hungary. The Mediaworks Hungary group’s portfolio includes 12 companies, Mihók said.
Mediaworks employs 700 people and puts out 63 media products which altogether have 1.8 million readers and 1.6 online visitors, he said.
The group’s general interest and economic portfolio includes Hungary’s largest daily Népszabadság, business daily Világgazdaság and the Manager Magazin.
It further owns eight regional dailies, sports daily Nemzeti Sport, as well as several youth, women’s and gastronomy magazines, said Mihók.
Mediaworks operates Hungary’s most modern printing house that puts out 600,000 copies of papers per day, he said.
Source www.hungarymatters.hu
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MTI photo: Mohai Balázs
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