Hungary’s M1 Channel Costs HUF 4.3bn This Year
- 1 Oct 2015 9:00 AM
The maintenance of state-run all news channel M1, launched in March, is costing state media manager MTVA Ft 4.3 billion this year, Népszabadság reports. The new sports channel M4, launched in July, is costing Ft 5.4 billion. Due to the rising costs, the government will assume Ft 47.2 billion of debts from state media. MTVA’s budget for this year is Ft 80 billion.
Source: Hungary Around the Clock
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