Beleaguered net ups vet

Insiders hope Ragats will end b'caster's scandals, downsizing

BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation.

Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share shrink after the birth of commercial TV in 1997.

The board has attempted to elect a chairman four times but failed to secure two-thirds support.

MTV has been dogged by financial mismanagement. Last August it was revealed that $3 million had been spent on “consultants” who had done no work.

Ragats made public an internal probe that fingered key advisers of then-Prime Minister Viktor Orban for the abuse.

On June 12, the state audit office issued a report damning the station for “handling the billions it is entrusted with in a careless way.”

Auditors stated that the network’s advertising revenue fell from $79 million in 1997 to $8.5 million today. Only the broadcasting law has kept it from bankruptcy.

The government is offering a $28.5 million cash injection, but executives warn this will only keep the network operating through the summer.

More TV

  • Arrested Development Season 5 review

    TV Review: 'Arrested Development' Season 5 on Netflix

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • Showtime Executive, Gary Garfinkle.Photo: Cliff Lipson/CBS©2012

    Gary Garfinkel, Co-Head of Content Acquisitions at Showtime, Dies at 55

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • KIM POSSIBLE - The cast of

    'Kim Possible' Disney Channel Movie Casts Its Dr. Drakken, Shego, Other Key Characters

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • Ted Danson Remote Controlled Podcast

    Remote Controlled: 'The Good Place' Star Ted Danson on His 'Delicious' Role

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • Josh Holloway Colony

    Josh Holloway on Season 3 of 'Colony' in Trump Era: 'It's Scary, the Parallels of This Show'

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • Mick Betancourt Joins Syfy's 'Deadly Class'

    Mick Betancourt Joins Syfy's 'Deadly Class' in Showrunner Switch

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

  • george shapiro First Time in Variety

    Veteran Talent Manager George Shapiro Looks Back on Early Career

    BUDAPEST — Imre Ragats, longtime executive for Hungary’s ailing state television network MTV, has been elected the net’s chairman by the Hungarian Television Public Foundation. Ragats replaces Karoly Mendreczky, who resigned last summer, and insiders hope this will end a year of scandals and downsizing by the struggling broadcaster, which saw its commanding market share […]

More From Our Brands

Access exclusive content