One of Hungary's two national opposition dailies will shut down on Wednesday due to financial problems, its publisher said, in a sign of rapidly deteriorating prospects for media freedom after the landslide re-election of Prime Minister Viktor Orban.
The closing of Magyar Nemzet will be a milestone in the gradual disappearance of independent media in Hungary that western European Union leaders and international rights groups say underlines the country's slide into authoritarianism.
The 80-year-old daily is owned by tycoon Lajos Simicska, once an ally of the right-wing nationalist prime minister, who had a falling out with him and became one of his staunchest opponents in the election campaign.
Read more: Hungary press freedom takes another hit as newspaper to close | CBC News
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