Est Media closes sale of media businesses

Initiatives

Hungarian publisher Est Media, closed its media units in Hungary, Bulgaria and Romania yesterday, the publisher announced. Hungarian companies EMG Mediacsoport, EXIT Kiadoi and Phonon 450, as well as Bulgaria's Programata Media Group and Sapte Nopti of Romania, bought the stakes held by Est Media.

The publisher announced in September that it would sell its subsidiaries due to the poor performance of the weekly program guides supported solely from advertising income. The Hungarian companies Emerging Media Group, Ingyenes Műsorújság, Magyar Vendor and Estért were also removed from the consolidation, Est Media said.

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.

Support the BBJ

Environment