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 was owned by MTI Rt., founded by the Parliament. The members of the Owners' Advisory Body are elected by the National Assembly of Hungary on four-year terms. It is a marketleader, and is considered by some sources to be a 'balanced and reliable source'. Still, it finds it difficult to raise subscriptions as most major Hungarian newspapers are foreign-owned. It must turn to the government for capital to overcome its technology deficit.
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 Média. This organization is the legal successor to Magyar Távirati Iroda.[3][4][5]
External links
References
- About MTI MTI^
- Final Report of the Workshop on News Agencies in the Era of the Internet UNESCO, January 2001, retrieved 2009-01-12^
- Hungarian public service media companies merge - MTVA Media Service Support and Asset Management Fund (MTVA), retrieved 23 August 2015