Heti Világgazdaság
CategoriesBusiness magazine
FrequencyWeekly
Founded1979 (1979)
CompanyHVG Kiadó Zrt.
CountryHungary
Based inBudapest
LanguageHungarian and English
Websitewww.hvg.hu Heti Világgazdaság
ISSN1217-9647

HVG (formerly called Heti Világgazdaság, meaning Weekly World Economy)[1] has been Hungary’s leading economic and political weekly both in terms of circulation and readership[2][3][4] since it was founded in 1979.[5] It is closely modeled on The Economist in style and content.[6][7]

As a regular source of news and information, (HVG) has a significant influence on business decision makers and other stakeholder groups. Its editorial office is in Budapest. HVG provides information about domestic and international politics, economy and society.

HVG has an online news portal, which is available on all platforms: mobile, tablet, android and iOS applications. With its news and analyzes, HVG reaches more than 1.5 million people every week on its various print and digital platforms.

HVG weekly cover page 2018/33

History and profile

The magazine was very important in the years spanning the transition from communism in airing new ideas and challenging boundaries.[8] During the same period it was also a leading investigative publication.[9] HVG Publishing Co. was founded in 1989. In 2003, Westdeutsche Allgemeine Zeitung (WAZ) acquired 75% of the magazine.[9] In 2014 WAZ (Funke) redeemed its majority stake, which was bought back by former HVG shareholder, management and editorial staff, and HVG was again in Hungarian hands. In response to changes in the market, digital content gained more and more importance within HVG Publishing's activities, and the product portfolio continued to expand. Apart from the weekly magazine and its specials, annexes and numerous professional or entertaining periodicals, HVG Publishing Co. has become one of the largest book publishers in Hungary, while conferences, seminars or even the largest Hungarian Job Fair continue to color the Publisher's product range.

Political and power measures in the second half of the 2010s are increasingly breathing air from market-based media companies and increasingly discouraging the survival of independent journalism. In this hostile market environment HVG's goal and mission remains to provide independent and factual information to readers. The slogan of HVG also expresses this mission while reflecting on the current situation. ’Darkness does not last forever’, along with the statement ’Let there be light’, with which HVG encourages and sympathizes with its readers, reminiscing of the first years spent in an almost ’half-illegitimacy’ under the socialist regime.

The politics that undermine independent press and the expansion of international social media and search giants (Facebook, Google) in the advertising market puts under unprecedented pressure HVG’s business model built on copy sales and advertisements.

Some articles are also available online and in English.[10]

HVG cover pages

HVG's cover pages always work on one of the main themes of the week, mostly depicting ironic humor. In the 80's, headlines were mostly not photos, but graphics featuring suggestive hints. These covers intended to affect the sense of humor of readers sensitive to the criticism of the ruling political system. After the change of regime, cover pages became partly more concrete, and partly continued the earlier tradition.

See also

References

  1. ↑ Neal Bedford; Lisa Dunford (2009). Hungary. Lonely Planet. p. 44. ISBN 978-1-74104-694-6. Retrieved 20 February 2014.
  2. ↑ "World Newspapers and Magazines - Hungary". Worldpress. Retrieved 10 May 2008.
  3. ↑ "Hungary Reform Adjusts to Realities". TIME. 5 October 1987. Archived from the original on 24 October 2012. Retrieved 10 May 2008.
  4. ↑ Thomas L. Friedman (10 May 2006). "The Post-Post-Cold War". The New York Times. Retrieved 10 May 2008.
  5. ↑ Everete E. Dennis; Jon Vanden Heuvel (October 1990). "Emerging Voices: East European Media in Transition. A Gannett Foundation Report" (Report). Ganet Foundation. Retrieved 28 November 2014.
  6. ↑ "Why Big Media Guns Are Tracking HVG". Businessweek. 2 April 2002. Archived from the original on 23 May 2011. Retrieved 20 January 2009.
  7. ↑ Rita M. Csapo-Sweet; Ildiko Kaposi (Spring 1999). "Mass Media in Post-Communist Hungary". International Communications Bulletin. 34 (1–2). Retrieved 27 December 2014.
  8. ↑ "The press in Hungary". BBC News. 29 April 2004. Retrieved 10 May 2008.
  9. 1 2 Balazs Sipos (2013). "Bias, partisanship, journalistic norms and ethical problems in the contemporary Hungarian political media" (PDF). Central European Journal of Communication. 7 (1). Archived from the original (PDF) on 22 May 2018. Retrieved 28 January 2015.
  10. ↑ "European media sources". Central European University Business School. Archived from the original on 2 May 2008. Retrieved 10 May 2008.
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