Current Issue:



Click the cover to view preview pages from the digital edition of Radio Ink!
Click here to subscribe.

Emmis Leaves Hungary, Will Sue Over Slager Loss

November 23, 2009: Emmis Communications says it is leaving the Hungarian radio industry after being denied a license renewal for Slager Radio. Emmis lost the license after a dozen years when the Hungarian National Radio and Television Board awarded the frequency to a politically aligned group. Hungary's only other national radio license was also awarded to a group believed to be close to a political party. The head of the Radio and Television Board resigned over the license awards.

Emmis will not fight for the license, but will sue for damages in Hungarian and EU courts, Reuters reports. The radio decisions have brought widespread response, including a warning by diplomats from nine countries about "non-transparent behavior" that could discourage foreign investment. Additionally, a U.S. House resolution has been introduced condemning the license awards.

The loss of Slager represents a significant financial blow for Emmis; the station brought in $23.9 million in the year ended February 28, 2009, the company earlier reported in an SEC filing.

 



(11/23/2009 9:35:51 PM)

I think you can hear taps being played in the hallways of Emmis.

Emmis ... RIP
- robert Buttram

Add a Comment | View All Comments

 

Send This Story To A Friend

 

employment

Operations Director/Jacksonville

The Operations Director oversees programming and engineering functions for all of our stations. This includes but is not limited to; direct supervision of all Program Directors, direct supervision of the Chief Engineer, designing and executing fantastic on-air products, the advertising and the promotions that will make our target audiences love us, and maintaining dynamic station websites. This must be done with a commitment to a fair and responsible balance of programming quality and revenue maximization.

Advertisements

Advertisements