Due to falling circulation and an investigation by the Economic Competition Authority which found Ringier to have an excessive share of the Hungarian newspaper market, the title was axed in 2004.

Attempts to change the paper's political direction were resisted until September 2006 an audio recording surfaced in which the then Prime Minister Ferenc Gyurcsány admitted to having concealed the true state of the nation's public finances during that year's election campaign.

This fatally weakened the Hungarian Socialist Party – Alliance of Free Democrats coalition government, of which the paper had been a supporter.

The website is part of the first emerging, then dominant (print) media supporting the conservative government in power since 2010.

In 2013 the paper published an opinion piece by Zsolt Bayer, who referred to the killings of Marian Cozma and Gergely Sávoly, where Roma were suspected of involvement,[10] and wrote that many gypsies are "animals... unfit to live among people" and "potential murderers [who] should not exist.

A publicist of Magyar Hírlap, Zsolt Bayer, was one of the leading figures in the pro-government march held in January 2012 in Budapest, which was attended by more than 100,000 people.