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Emmis Communications Corp. Message Board

  • nhlabman nhlabman Oct 29, 2009 8:53 AM Flag

    Bad news for Emmis - loses Hungarian station (about 6% of co rev)

    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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2.00-0.01(-0.50%)Jan 28 4:00 PMEST

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