Hungary's leading leftist newspaper unexpectedly shuts



Hungary's leading leftist newspaper Nepszabadsag has been shut and its employees suspended after the publication piled up significant losses despite cost cuts, owner Mediaworks said on Saturday.
Mediaworks, owned by Austrian firm Vienna Capital Partners (VCP), said it was working on a new business model for Nepszabadsag (People's Freedom), which has been in publication since November 1956.
"In order to achieve and concentrate fully on this priority task, all operations of Nepszabadsag (including print and online) will as of today be suspended until the new form is decided and can be... read more

 
8 October 2016 in World News, Views: 48
Source: Reuters
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