Budapest, December 20 (MTI) – Horizont Handels und Industrie AG, owned by former Socialist MP and party treasurer László Puch and by Dénes Simon, has acquired the daily Népszava as well as weekly Vasárnapi Hírek as part of the former Geomedia papers portfolio, XXI. Század Media, the business publishing Népszava, told MTI on Tuesday.
The new owners intend to preserve the papers’ left-wing profile, the announcement said, saying that left-wing businessmen joined to finance the transaction following the recent shutdown of the opposition daily Nepszabadsag.
The portfolio acquired also includes Szabad Föld, leading the weeklies’ market, and related publications.
The integration of Népszava and Vasárnapi Hírek will continue to create a daily that would attract the readership of Népszabadság too, according to the announcement.