This article analyses the economic structure of the Hungarian press. We des
cribe the circulation figures of national, political daily newspapers, thei
r editorial profiles and market positions, how they were privatised, and ho
w their editorial content is controlled. We also look at the ownership and
control of the regional and weekly press. The analysis reveals that despite
the unprofitability of most national newspapers, the market is relatively
stable. While control of editorial content is mainly a function of ownershi
p and market forces, journalists at some publications have secured a degree
of independence. East Central European nations have widely embraced libera
l-pluralist economic and political models. Here, press freedom is equated w
ith private ownership by individuals, and the market is seen as the surest
safeguard against state interference. But in practice, the press throughout
the region is still heavily saturated with politics. Thus, our economic an
alysis is followed by a case study that examines recent efforts by the Hung
arian government to use public money to establish a right-centrist newspape
r. The discourse surrounding that event is used to explore notions of cultu
ral democracy where the active participation of journalists and citizens in
the production of a news reading culture is central.