Government Info Centre: Saving print media is of public interest

Saving the print media in Hungary is of public interest, the Government Information Centre (KTK) said on Wednesday, referring to the government decision to grant the Central European Press and Media Foundation’s acquisition of control over Opus Press, Echo TV, New Wave Media Group and Magyar Idők Publishing a status of special significance for national strategy.

The law prohibiting unfair market practices and restriction of competition enables the government to give certain company holdings the status of special significance for national strategy, the statement said.

The cabinet has so far made twenty-one such decisions, so the decision affecting the Central European Press and Media Foundation is not without example, it added.

The highlighted reason for the government decision is that saving the print media in Hungary is of public interest, especially in order to maintain the forums of publicity around the country in the long term, the statement said.

The foundation has set this target in its founding document and what makes it especially worthy of support is that it plans to fulfil this target on a not-for-profit basis, it added.

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Source: MTI