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Financial stress leads to further consolidation... or something
opaque is normal

With the revenue spigot squeezed tight, two of Hungary’s best known radio channels are reverting to the norm. Radio 1 and Best Radio are undergoing restructuring, reported media portal media1.hr (July 18), that amounts to even more consolidation under the control of Lorinc Meszaros, who became a wealthy investor by virtue of a relationship with prime minister Viktor Orban. Media ownership in Hungary has been very opaque during the tenure of PM Orban.

Six legal entities, mostly holders of FM operating licenses, are being merged into Best Radio Kft while 9 similar companies are merging into Radio Plus Kft, operator of the national radio network Radio 1, principally controlled by Meszaros family members. Radio 1 was once owned by Hungarian Film Commissioner, Hollywood movie producer and media entrepreneur Andy Vajna. On his death in 2019, Radio 1 lost its lucrative government advertising. (See more about media in Hungary here)

Many of these license holders and operating companies have fallen into technical bankruptcy liabilities eclipsing assets, since the first of this year. Also intertwined in this is RadioFactory Kft, program producer for Radio Retro. Radio 1 was not included in the government-friendly consolidation under KESMA. In January the Hungarian Constitutional Court approved a government decree exempting KESMA from anti-trust rules. KESMA controls more than 500 media outlets in Hungary as well as government advertising.


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