IBJNews

Hungarian court decision could favor Emmis station

Back to TopCommentsE-mailPrintBookmark and Share

A popular radio station in Hungary operated by Emmis Communications Corp. until late 2009 might return to the air following a court decision favoring the Indianapolis-based company. 

A Hungarian court on Tuesday ruled that a regulatory decision by the country’s government to kick two radio stations off the air, including one operated by Emmis, was unlawful.

The decision, which can be appealed, stems from a civil suit brought by Danubius Radio, which, along with Emmis’ Slager Radio, lost its bid to renew its broadcasting rights.

The court on Jan. 19 will hear a similar complaint brought by Emmis.

Hungarian officials took the national radio station operated by Emmis off the air in November and awarded the license to one of the country’s political parties.

Emmis won the broadcasting license for Slager Radio in 1997. It was consistently the top-rated radio station in Hungary, reaching 3.5 million listeners per week in a country with a population of 10 million, the company said.

The decision by the country's National Radio and Television board to award the operating license to a Hungarian political party has brought “enormous” international pressure on the government to reverse the decision, Emmis said.

In a resolution passed Dec. 8, the U.S. House of Representatives condemned the actions and “encouraged” the Hungarian government to “respect the rule of law and treat foreign investors fairly.”

Slager brought in revenue of $23.9 million in the fiscal year ended Feb. 28, 2008, Emmis said, and $6.4 million in the six months ended Aug. 31, 2009.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am also a "vet" of several Cirque shows and this one left me flat. It didn't have the amount of acrobatic stunts as the others that I have seen. I am still glad that I went to it and look forward to the next one but I put Varekai as my least favorite.

  2. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  3. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  4. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  5. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

ADVERTISEMENT