• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
There will be no more Metropol newspapersThere will be no more Metropol newspapersThere will be no more Metropol newspapersThere will be no more Metropol newspapers
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Fanni Grajzel Fanni Grajzel · 14/06/2016
· Business

There will be no more Metropol newspapers

money newspaper

Index.hu reports that Tuesday (June 14) is the very last day Metropol newspaper is released. Based on the information of Népszabadság, the site writes that Károly Fonyó, owner of Metropol, made the decision to shut down the newspaper because of financial factors.

The information ending the publication of Metropol was confirmed by director Péter Hivatal. He also told that further information will be shared by the company’s liquidator. It is said that Fonyó decided to do so in order to avoid debts, as he aimed to pay off all of his employees and suppliers.

However, Index writes that, according to Népszabadság, the real reason of ending the daily newspaper is that none of the business plans made for this year could operate profitably, moreover, they had already made a deficit of 233 million HUF last year.

Also, recently Árpád Habony started a free newspaper called Lokál, which became rival to Metropol and won the support of the government as well: it has been full of government advertisements, the Szerencsejáték Zrt., for example, spends nearly 500 million HUF on the Lokál daily and weekly newspapers. These are given to people at crowded points in the city, as well.

Furthermore, neither BKV nor MÁV (Budapest Public Transportation and Hungarian State Railways) extended their contracts with Metropol. Besides, there is no public procurement by BKV for the contract with them, which, according to Index.hu, is quite contradictory, for they did not renew the contract with Metropol partially because of the new tender that would have been required.

Earlier, Fonyó said that they would keep on operating until the elections in 2018, while Hivatal claimed that Lokál would belong to the tabloid press, hence it would be the rival of Blikk just as much as of Metropol.

Sadly then, Metropol is leaving the Hungarian market of media after 18 years. Its newspapers were printed 330 thousand times and spread at public places of Budapest, in all of the county towns and in dozens of other towns.

Photo: facebook.com/Metropol.hu

Copy editor: bm

Source: index.hu

money newspaper
Share
Fanni Grajzel
Fanni Grajzel

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • International Holocaust Remembrance Day marked in Budapest
  • What happened today in Hungary? – 27 January, 2023
  • PHOTOS, VIDEO: 2 Hungarian among the 11 most endangered monuments and heritage sites in Europe!
  • European Football Association UEFA bans Greater Hungary flags
  • PHOTOS: Hungary’s biggest hotel will open soon in Budapest
  • Government would like to boost Hungarian economy with Kazakhstan, Uzbekistan and other Turkic states
  • Are Transcarpathian Hungarians taken by force to die against the Russians?
  • Hungarian minister made it clear when Hungary could introduce the euro

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V