Another newswire service called Independent News Agency is about to enter the Hungarian media market to compete mainly with the Hungarian News Agency (MTI), which recently announced cost-cutting plans to stay viable. Independent News Agency Kft was founded by former employees of commercial television channel RTL Klub, but the company apparently lures away colleagues from MTI, which will lay off some 80 people by mid-year. Major players of the local media market, such as RTL Klub and the state-funded Hungarian Radio Rt, has recently announced that they wish to cut ties with MTI. (Vg 6) P.O.
Read more at BBJ.hu!
Click here for HUNGARY AM subscription offers!
26.04.2004