New Wave Media to acquire Hungarian business weekly Figyelő

April 20, 2016

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New Wave Media, publisher of daily online vs.hu, is set to purchase the business weekly Figyelő, reports 444.hu. The purchase would mark the latest in a string of acquisitions by New Wave Media, the media holding company owned by Tamás Szemerey, a cousin of longtime Fidesz member and current National Bank governor György Matolcsy.  In addition to publishing vs.hu, the company also recently purchased Origo.hu and weather website koponyeg.hu. 

New Wave Media reportedly funded its purchase of Origo.hu with central bank-backed loans.

New Wave CEO István Száráz confirmed to 444 that his company has been in talks with Figyelő’s owners regarding the sale of the weekly.