Mediaworks, one of the largest media enterprises in Hungary was established on 1 October 2014. The Austrian company Vienna Capital Partners (VCP) is the owner of Mediaworks, which acquired a majority stake in the Hungarian subsidiaries of Ringier and Axel Springer following approval by the Competition Authority. The former top management of Ringier Publishing Ltd. is merged with the regional management of Axel Springer in the new company. Attila Mihók CEO and Vikor Katona CFO have been appointed at the helm of the new group established.
From 1 June 2015 Balázs Rónai is the CEO of Mediaworks Hungary Zrt. and the chief officer of the subsidiaries of the group.