CEO of Hungarian media authority resigns

History

László Zsolt Szabó, the CEO of Hungary’s Media Service Support and Asset Management Fund (MTVA), resigned yesterday from his post effective from August 15, according to MTVA, which confirmed yesterday earlier reports by Hungarian online daily origo.hu.

The CEO did not justify his decision, and the announcement disclosed no further details.

In an interview with Origo, Szabó said that in mid-March, after the reorganization of Hungarian state-owned media, all-news channel M1 was not created to compete with HírTV, which is owned by Lajos Simicska and used to be Fidesz-friendly until Prime Minister Viktor Orbán and Simicska’s friendship saw a public breakdown. The CEO also denied speculation that M1 would be airing “government propaganda”.

When M1 experienced hiccups on the day of its launch and was forced to broadcast a black screen for several minutes, the CEO said that only “those who do not work do not make mistakes”. The blackout also garnered the attention of the international press.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.