#media-ownership

#media-ownership

Swiss media group Ringier has sold Hungary's most-read tabloid and other major titles to a company widely seen as close to Prime Minister Viktor Orban's ruling Fidesz party. Ringier said it sold its Hungarian media division, Ringier Hungary Kft., which owns 18 online publications, including the tabloid Blikk, EgeszsegKalauz.hu and Kiskegyed, to the Indamedia Network. The sale comes just months ahead of Hungarian national elections, where Orban faces a rare challenge to his 15-year rule.

You could be forgiven for not knowing how much people love CBS News. I certainly didn't until a few weeks ago, but the hoary institution is once again being described as the "Tiffany network"-Edward R. Murrow saying, "Good night and good luck"; Walter Cronkite taking the manliest moment in all of live television to get control of himself after announcing the death of John F. Kennedy; and ... the trail grows cold. Dan Rather in a turban?

1. Journalism that reports on the world as it actually is. 2. Journalism that is fair, fearless, and factual. 3. Journalism that respects our audience enough to tell the truth plainly - wherever it leads. 4. Journalism that makes sense of a noisy, confusing world. 5. Journalism that explains things clearly, without pretension or jargon. 6. Journalism that holds both American political parties to equal scrutiny. 7. Journalism that embraces a wide spectrum of views and voices so that the audience can contend with the best arguments on all sides of a debate.

Lynn Forester de Rothschild is preparing to sell her 20 per cent interest in The Economist, paving the way for the most significant change in the 182-year-old publication's ownership since 2015. The British-American financier, 71, has appointed investment bank Lazard to oversee the process, which remains at an early stage. The stake, made up of voting shares, could fetch as much as £400 million based on current valuations of the premium media group.