According to AFP, "Magyar Hirlap, one of the most respected Hungarian news dailies, will shut down next week because it was generating losses, the paper's publisher announced Friday. "Despite all our efforts we could not raise circulation," Bela Papp, managing director of the Ringier Publishing group, said at Magyar Hirlap's offices in Budapest. Papp said the last edition would be published on November 6. Magyar Hirlap, which first hit newsstands in 1968, in recent years has won acclaim for its in-depth coverage, sharply-worded editorials and non-partisan stance in the often politicized newspaper market in Hungary. Its Swiss publisher, Ringier, also owns the largest circulation news daily, the centre-left Nepszabadsag, the tabloid Blikk and sports daily Nemzeti Sport as well as a number of other magazines.