The new owners intend to preserve the papers’ left-wing profile, the announcement said, saying that left-wing businessmen joined to finance the transaction following the recent shutdown of the opposition daily Nepszabadsag.

The portfolio acquired also includes Szabad Föld, leading the weeklies’ market, and related publications.

The integration of Népszava and Vasárnapi Hírek will continue to create a daily that would attract the readership of Népszabadság too, according to the announcement.

Republished with permission of Hungary Matters, MTI’s daily newsletter.