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Neo FM, one of Hungary’s two national commercial radio stations, ceased broadcasting November 10 after losing a court battle with Hungary’s Media Council over an unpaid broadcasting fee. Neo is closely linked to Hungary's Socialist Party. The station's closure leaves only one national commercial radio in operation in Hungary, Class FM, a station a majority owned by Fidesz-linked businessman Zsolt Nyerges. Both Class FM and Neo FM were granted their licenses in 2009 by Hungary's former media regulator, ORTT, in a highly controversial tender competition. Hungary's Constitutional Court has since ruled Class FM's license award as unlawful because the company's ownership structure violated the former (1996) media law's provisions on media concentration and should have been disqualified from the tender competition.  

The fund that manages Hungary's public media has taken a loan of HUF63 billion (210 million) to purchase and upgrade its headquarters and production base on Kunigunda útja, in Budapest's Óbuda. A consortium made up of four banks will finance the loan. According to a statement from the Media Services and Asset Management Fund (MTVA), a tender for a public procurement loan was won by a consortium consisting of MFB, OTP Bank, KDB Bank and Magyar Takarékszövetkezet Bank, who made a joint offer.