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Bad news for Emmis - loses Hungarian station (about 6% of co rev)     29-Oct-09 08:53 am    
Emmis fights for Hungarian FM network.

The National Radio and Television Board has voted to yank Emmis’ license for the 16-station Slager Radio network. It wants to hand the frequencies to a consortium of politically-connected Hungarian investors, giving Emmis until November 18 to power down the oldies-based AC network.

Slager station manager Heal Edina says in a post on the station’s website, “A political decision has been made, which means that Hungary’s democracy and press freedom has suffered a serious blow.” Edina says Emmis will take all legal action needed to keep the 11-year old network on the air. The company wanted a new seven year contract with an additional five-year extension despite the fact Slager revenues were off 47% in the six months ending August 31.

Emmis ran into a similar renewal speed bump seven years ago when the board voted to pull the license for non-payment of broadcasting fees. They eventually worked out an agreeable number. This time it’s politics, not money.
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Bad news for Emmis - loses Hungarian station (about 6% ...
nhlabman Not rated 29-Oct-09 08:53 am  
 
That's a story that may become bigger by the day.
david_a_ran... Rate it 29-Oct-09 09:55 am  
 
Here's the link to 8K containing your news. ...
david_a_ran... Rate it 30-Oct-09 09:17 am  
 
Tomorrow's the 19th. We should be hearing som...
david_a_ran... Rate it 18-Nov-09 07:09 am  
 
Yesterday was the deadline, but still no...
david_a_ran... Rate it 20-Nov-09 07:18 pm  
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Emmis Communications Corp. (EMMS)

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