MTI (''Magyar Távirati Iroda'', literally "Hungarian Telegraphic Office") is a Hungarian

news agency A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines and All-news radio, radio and News broadcasting, television Broadcasting, broadcasters. A news agency ma ...

. One of the oldest news agencies in the world, it was founded in 1880. 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 The National Assembly ( ) is the parliament of Hungary. The unicameral body consists of 199 (386 between 1990 and 2014) members elected to four-year terms. Election of members is done using a semi-proportional representation: a mixed-member m ...

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 The United Nations Educational, Scientific and Cultural Organization (UNESCO ) is a List of specialized agencies of the United Nations, specialized agency of the United Nations (UN) with the aim of promoting world peace and International secur ...

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 ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

and AFP. 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 Duna Media Service Provider (), also known as Duna Média, is Hungary's only Public broadcasting, public service broadcaster for radio, television and new media. The company was established in July 2015, and operates six Television chann ...

. This organization is the legal successor to Magyar Távirati Iroda.

References

External links

Official Website
News agencies based in Hungary 1880 establishments in Hungary 2015 disestablishments in Hungary MTVA (Hungary) {{Hungary-media-stub