ADVERTISEMENT

Competition Office clears publishersʼ acquisition of subscription delivery service

Deals

Hungaryʼs Competition Office (GVH) said today that it had cleared the acquisition of subscription delivery company Magyar Előfizetői Vagyonkezelő (MEV) by publishers Mediaworks and Népszabadság.

GVH approved the acquisition on the condition that Mediaworks and Népszabadság allow competitors to use MEVʼs services and do not reveal MEVʼs trade secrets for a period of two years.

GVH also fined Mediaworks and Népszabadság HUF 81 mln for initially failing to request the approval of the transaction.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.