Western media conglomerates bought up Hungarian newspapers like cheap candy in 1989 and 1990, before, during and immediately after the first free democratic parliamentary elections. For example, in the very final hours of Hungarian communism, in 1990, the German company, Axel Springer, the WAZ group, an Austrian and an English investor struck hasty deals with the communist party (or its successor, MSZP), to buy regional newspapers (with a combined daily circulation of at least 1.2 million people at that time).