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According to information published on index.hu this Monday, Indamedia Network Zrt. He decided to buy back the shares of Index.hu Zrt. In its entirety after the adoption of its medium-term strategy, so in the future the newspaper will continue to operate as a member of the Indamedia Group. After consulting with the Hungarian Development Foundation, which manages the Index news portal, the Indamedia Group Board of Directors decided to buy back the newspaper. The reason for this decision was that the integration at the group level achieved in this way was only considered to ensure the consolidation of the current financial situation of the Index and the proper functioning of the newspaper.
Indamedia’s board has asked board member Ákos Starcz to find ways to accelerate integration at the group level as soon as possible and to stabilize the newspaper’s financial position as soon as possible, they added.
They were reminded that the Index was in a more difficult financial and organizational situation after streamlining its operating costs was a constant topic on the company’s board throughout the year, and after several failed attempts at consolidation, the former publisher Chief and Szabolcs Dull left. It was written that after the summer turnaround, the newsroom was rebuilt under the leadership of Pál Szombathy, and managed to cover a significant part of the decline in attendance.
However, they added that despite the favorable developments, the widespread drastic decline in the digital advertising market is having a significant impact on day-to-day operations. The conditions for sustainable and efficient management have not been established in recent months and the newspaper needs ongoing funding. According to them, the conditions to create a stable financial environment are given by the decision that Indamedia is now making.
Pál Szombathy, the current CEO, will leave the Index by mutual agreement. The new owner Indamedia Network Zrt. He offered László Bodolai to continue his work on the Index.hu Zrt directory. To ensure the smooth running of the newspaper, but László Bodolai did not want to use the offer,.
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