Gyula Balasy offers media empire to Hungarian state for free

1 articles · Updated · Bloomberg · May 5

In an online interview, he said a notarized statement would transfer firms he valued at 80 billion forint, or $257 million, to Hungary.
Balasy has been one of Hungary's most powerful media executives, and his companies won hundreds of millions of dollars in government advertising contracts over the years.
The move is presented as the latest sign that some wealthy allies of Viktor Orban are repositioning after the prime minister's landslide election defeat.

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