New daily expected in Hungary
According to Central Europe Business News, "A new daily newspaper may be about to hit the market, while investors are being sought for unprofitable Magyar Hírlap, the local manager of publisher Ringier revealed last week in the wake of a decision that favors the company’s local ambitions. “Axel Springer will launch a new nationwide broadsheet soon, which will put the case into a different light,” Béla Papp, managing director of Ringier Publishing Kft, said." Ringier wants to increase its existing 49.6% share in Népszabadság Rt (through its Dutch member firm, Tabora B.V) and owns so far 100% of Magyar Hírlap.
Source: Central Europe Business News
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