Hungarian wire service terminates chief editor position


Hungarian news agency MTI is cancelling the position of editor-in-chief as of May 1, and editorial operations will be overseen by the director, in order to “rationalize personal expenditures”, Hungarian online news portal reported, citing an announcement by Media Services and Support Trust Fund (MTVA).

Tamás Toót-Holló, the current editor-in-chief, has resigned from his position by mutual agreement with the wire service. His duties will be taken over by director István Galambos, according to the Hungarian portal.

Toót-Holló had applied for the CEOʼs position at MTI in 2013, but Ferenc L. Gazsó, who had been editor-in-chief of Magyar Hírlap, was chosen for the role. At that time, Toót-Holló was deputy news director, responsible for the wire service, and Gazsó was deputy-CEO responsible for content production. When Gazsó announced his retirement, his position was filled by Galambos, reported.

MTVA is the umbrella organization responsible for operating the Hungarian public media portfolio, including seven radio stations, six television channels and Hungarian news agency MTI, as well as related online sites.

After Fidesz came to power in 2010, Parliament — dominated by the party’s MPs — approved numerous changes to the media laws. The changes received wide-ranging criticism, including from the European Parliament and the Organization for Security and Cooperation in Europe (OSCE), saying “the cumulative effect of these changes was to jeopardize media freedom”, Reuters reported earlier.

Farmgate Prices Fall 25.4% in February Crops

Farmgate Prices Fall 25.4% in February

Cabinet Approves Farmer Support Measures Government

Cabinet Approves Farmer Support Measures

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Chresten Bruun Wins Expat CEO of the Year Award Awards

Chresten Bruun Wins Expat CEO of the Year Award


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.