It was formed from Napi Gazdaság ('Daily Business'), a business newspaper founded in 1991. In 2013 it was sold to Századvég Gazdaságkutató, a think tank associated with the Fidesz political party. On 20 April 2015 it was bought by Gábor Liszkay, former editor of Magyar Nemzet. The last publication of Napi Gazdaság was 31 August 2015 and Magyar Idők was launched next day.
The paper came from a fallout between Prime Minister Viktor Orbán and media owner Lajos Simicska who since declared his support for the Jobbik party. Pro-Orban journalists left Simicska-owned outlets and set up the pro-government newspaper.
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