Ringier: Bauer's magazines acquired in Hungary
Ringier continues to grow in Hungary. The media group has acquired all of the shares held by the German publisher Bauer Media Group in their joint venture, Euromedia, in Hungary.
Ringier acquires all shares of the German publisher Bauer Media Group in the joint venture Euromedia in Hungary. As a result, Ringier Hungary is now the sole publisher of 15 newspapers and magazines. Since 2002, the two publishing houses have each held 50 percent of the international magazines Bravo, Bravo Girl, Tina and Buci Maci (Bussi Bär) in a joint venture. In addition, there are the national titles Blikk N?k, a weekly women's magazine, and the two weekly people magazines IM and hot! All titles will continue to be published. The takeover still has to be approved by the Hungarian competition authorities.
