Owner says no plans to relaunch Népszabadság

Budapest, December 12 (MTI) – The owner of Mediaworks, Opimus Group, has said it has no plans to relaunch Népszabadság, what had been Hungary’s largest-circulation daily before it was closed down in October.

In a statement on the stock exchange (BET) website on Monday, Opimus said it had reviewed the option of restarting the left-wing daily but did not see “a rational or economically sound possibility” to do so.

Opimus Press, a subsidiary of the group, acquired 100 percent of Mediaworks Hungary from Vienna Capital Partners, which had just suspended the paper citing financial reasons.

Mediaworks stopped print runs and online publication of Népszabadság on Oct. 8, citing a 74 percent drop in sales over ten years and large losses.

Source: MTI