Magyar Távirati Iroda
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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]
References
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