Magyar Távirati Iroda

Commemorative medal issued on the 125th anniversary of the founding of MTI.

MTI (Magyar Távirati Iroda, literally "Hungarian Telegraphic Office") is a Hungarian news agency. One of the oldest news agencies in the world, it was founded in 1880.[1]

MTI is owned by MTI Rt., founded by the Parliament.[2] The members of the Owners’ Advisory Body are elected by the National Assembly of Hungary on four-year terms.[2] It's a marketleader, and is considered by some sources to be a ‘balanced and reliable source’.[2] Still, it finds it difficult to raise subscriptions as most major Hungarian newspapers are foreign-owned.[2] It must turn to the government for capital to overcome its technology deficit.[2]

According to a UNESCO report it faces competition both from independent and specialist news agencies (e.g. English-language on-line news sites, including the Budapest Business Journal, The Budapest Sun, websites of various television and radio stations), and from domestic Hungarian news services established by Reuters and AFP.[2]

On 1 July 2015, Magyar Távirati Iroda as well as the three other public media organizations managed by the MTVA were merged into a single organization called Duna Media Service (Hungarian: Duna Médiaszolgáltató).[3] This organization is the legal successor to Magyar Távirati Iroda.

References

  1. ↑ "About MTI". MTI. Archived from the original on 5 February 2009.
  2. 1 2 3 4 5 6 "Final Report of the Workshop on News Agencies in the Era of the Internet" (pdf). UNESCO. January 2001. p. 53. Retrieved 2009-01-12.
  3. ↑ "Hungarian public service media companies merge - MTVA". Media Service Support and Asset Management Fund (MTVA). Archived from the original on 22 December 2015. Retrieved 23 August 2015.

Coordinates: 47°29′36.41″N 19°2′2.67″E / 47.4934472°N 19.0340750°E / 47.4934472; 19.0340750

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