Napi Gazdaság editors buy out paper

Analysis

The editors of business daily Napi Gazdaság have raised their stake in the paper from 35% to 100% with the purchase of shares held by Storyline Kft for Ft 520 million, Napi Gazdaság Publisher Kft announced.

The editors made the purchase through their company Napinvest Kft. Napi Gazdaság's markets page editor Tamás G Korányi owns 54% of Napinvest. Other journalists who work or worked for Napi Gazdaság and hold stakes in Napinvest include Andor Almás, Gábor Szenes and Balázs Rónai.
Rónai, who leads Napi Online, the paper's web division, will take over as head of Napi Gazdaság Publisher as a result of the purchase. He will replace László Süle.
Napi Gazdaság's owners have decided to give the paper a new look and made changes to the content in the spring of next year. They stated the aim of making Napi Gazdaság one of the leading business news sources in Hungary.
Napi Gazdaság and its online division are estimated to be worth Ft 800 million.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.