Simicska sells out his ‘media war’

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Lajos Simicska on Monday sold the “vast majority” of company NEMZET Lap- és Könyvkiadó Kft, which is the publisher of Hungarian daily Magyar Nemzet, to two companies: Medapolis Media Zrt. and PRO-RÁTA HOLDING Zrt, Hungarian online daily mno.hu said in a public announcement yesterday.

Simicska also resigned from his position of HírTV chairman, which he took two weeks ago when the majority of his employees left following Simicska’s declaration of “media war” against ruling party Fidesz and Prime Minister Viktor Orbán. Simicska’s stocks in HírTV Zrt were sold to Megapolis Media Zrt, while the Dr. Károly Fonyó was appointed as new chairman. The position of CEO deputy responsible for editing Hír TV’s programs was taken by Péter Tarr.

Simicska also sold 25% of stocks of his stocks in Lánchíd Rádió Kft to Megapolis Media Zrt and another 25% to PRO-RÁTA HOLDING Zrt, leaving 25% of stock for himself.

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