Mediaworks Hungary, established by Vienna Capital Partners (VCP) to take over the local businesses of Axel Springer and Ringier two years ago, announced on July 4 that it had asked for the Media Councilʼs approval after it reached agreement on taking over PLT from the latterʼs owner, Ost Holding GmbH.
PLT has annual sales revenue of almost HUF 9 billion. It publishes county dailies and has local digital media channels in four counties (Fejér, Vas, Veszprém and Zala) in Western Hungary.
Mediaworks Hungary had revenue of over HUF 16 bln in 2015. It has more than 60 brands, including eight regional dailies and the national dailies Népszabadság, Nemzeti Sport and Világgazdaság.
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