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We provide a historically informed analysis of the media in post-communist Mongolia thirty years after the transition. In 1990, Mongolia chose a peaceful transition towards liberal democracy following the seventy years of the communist regime.  Our analysis first establishes that amid the challenges and changes since the new constitution was adopted, a plural and commercial media system has undeniably been established. However, only a few established themselves as independent media with editorial, business, and ethical norms.  While the plurality of media outlets created a media landscape aberrant from the socialist-time propagandistic media, the media market failures, along with rudimentary legal and professional institutions, contributed to the media instrumentalization and media capture in Mongolia.
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