25 years ago, Europe failed to curb the power of media moguls. It still haunts us today

In Hungary and other EU countries, tycoons close to the government control large parts of the press. For decades, the European Union has struggled to introduce measures to curb the power of media conglomerates. Documents obtained by Follow the Money reveal how, a quarter of a century ago, Europe’s most powerful politicians torpedoed an initiative that could have safeguarded media pluralism across Europe.