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Fidesz-linked firm buys national economic daily

August 13, 2013

Fidesz-linked think tank Századvég's Gazdaszágkutató Zrt. (Century Economic Research Inc.) announced this week it has purchased Napi Gazdaság, a top national business and economic daily. Századvég is part of a consortium of companies have been awarded HUF 4.7 billion (EUR 15 million) in state consultancy contracts by the Ministry of National Development (MND) since 2011, HVG reports. The consortium serves as the primary political and economic advisory group to the government and Hungarian Prime Minister Viktor Orbán.

Hungary's top two TV stations oppose new ad tax

RTL Klub and TV2, Hungary's largest national private TV stations, are protesting a government decision to tax media companies according to their net annual advertising revenues, according to a May 28 article in portfolio.hu. An announcement from RTL Klub reportedly called the measure “unprecedented in Europe,” and added that the company might leave Hungary over the tax. The graded tax, announced a few days earlier, would hit the major broadcasters hardest. The tax is reportedly part of the government’s effort to make sure the country can exit the EU’s excessive debt procedure.

Átlátszó fights to expose public media spending

Amid steady budget increases and cuts to public media staff, Hungary’s public media management fund, the MTVA, has been outsourcing production to private firms with close ties to Hungary’s ruling Fidesz party, according to an ongoing investigation by pro-transparency investigative reporting NGO, Átlátszó. The group, which has been working to uncover the MTVA’s spendings since 2011, has published a series of reports based primarily on leaked documents that detail the MTVA’s outside contracts with Government-linked private companies and individuals to produce programs for Hungary’s public media.

Media Council issues first fine on a print daily

By Judit Barta

Hungary's Media Council on May 8 handed down its first sanction against a print and online publication with a HUF 250,000 (EUR 862) fine for hate speech against right-wing daily Magyar Hírlap for publishing Zsolt Bayer’s January 5 opinion piece, in which he called Roma “animals” who “shouldn’t be allowed to exist.”

Human Rights Watch: Hungarian media face political pressure

Independent media outlets in Hungary practice self-censorship as a result of unclear regulations and declines in public and private advertising revenue, according to a new report published by Human Rights Watch.