Effective from today Vienna Capital Partners (VCP) has acquired the major share of Hungarian operations from Ringier AG and Axel Springer SE. The new publishing group is called „Mediaworks” and is already one of the largest media houses in Hungary from the day of its launch. VCP is retaining the former management of Ringier Hungary, as well as the regional management of Axel Springer Hungary. The new company is headed by CEO Mr Attila Mihók and CFO Mr Viktor Katona.
With over 700 employees, over 60 media brands, nationwide and exceptional regional coverage, Mediaworks is the leading publishing house in the country and is expected to generate a turnover of over HUF 15 billion. Key elements of its portfolio are Nemzeti Sport, the only sports daily, Világgazdaság, a renowned business daily and Népszabadság, the market leading broadsheet newspaper, eight regional dailies and numerous magazines particularly in the sports, women, gastronomy and youth segments. The media house also owns the most state-of-the-art cold-set printing plant and holds a majority stake in the distribution company Medialog. From journalism to publishing, printing, distribution and digital media services, the company operates 24 hours a day.
Our slogan „Content First” also represents our mission: to invest and continuously develop our content on all available platforms from print to online and mobile devices.
„It is a real challenge and very exciting opportunity for me to continue my carrier as the CEO of Hungary’s leading and most colourful publishing house. Over the past few years we devised many new concepts and drafted plans that can now become reality in the case of both digital and print products. A professional and experienced management formed of the former top management of Ringier and the former regional directors of Axel Springer is a seal of success” – explained Mr Attila Mihók, the new CEO of Mediaworks Hungary.
„I am glad that after long negotiations we have managed to finalise the acquisition of what is and will be Mediaworks Hungary. With its diverse portfolio of the leading Hungarian media brands combined with a young, ambitious management and dedicated workforce I am confident that Mediaworks will grow and expand in the future” – said Mr Heinrich Pecina Senior Partner at VCP
With over 700 employees, over 60 media brands, nationwide and exceptional regional coverage, Mediaworks is one the leading publishing houses in the country.