Magyar Távirati Iroda
Encyclopedia
MTI is a Hungarian
news agency
. One of the oldest news agencies in the world, it was founded in 1880.
MTI is 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's 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
.
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
news agency
News agency
A news agency is an organization of journalists established to supply news reports to news organizations: newspapers, magazines, and radio and television broadcasters. Such an agency may also be referred to as a wire service, newswire or news service.-History:The oldest news agency is Agence...
. One of the oldest news agencies in the world, it was founded in 1880.
MTI is owned by MTI Rt., founded by the Parliament. The members of the Owners’ Advisory Body are elected by the National Assembly of Hungary
National Assembly of Hungary
The National Assembly or Diet is the parliament of Hungary. The unicameral body consists of 386 members elected to 4-year terms. Election of members is based on a complex system involving both area and list election; parties must win at least 5% of the popular vote in order to enter list members...
on four-year terms. It's 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
UNESCO
The United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations...
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
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
and AFP
Agence France-Presse
Agence France-Presse is a French news agency, the oldest one in the world, and one of the three largest with Associated Press and Reuters. It is also the largest French news agency. Currently, its CEO is Emmanuel Hoog and its news director Philippe Massonnet...
.