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(AFX UK Focus)
2009-11-21 00:14
Emmis to exit Hungary after losing radio licence |
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BUDAPEST, Nov 20 (Reuters) - U.S.-based radio broadcaster Emmis Communications Corp. has said it will leave Hungary after losing a commercial radio licence it had held for 12 years in a tender that it said was politically influenced.
Earlier this week, diplomatic envoys from nine countries including the United States, Japan and major EU states, told Hungary that "non-transparent behaviour" could discourage foreign investment and hamper growth.
"It is therefore with great concern that we hear of significant new instances of non-transparent behaviour affecting investors in such areas as public utilities, broadcasting and elements of the nation's transport infrastructure," the nine said in their joint letter.
(Reporting by Krisztina Than; Editing by Jon Boyle) Keywords: HUNGARY RADIO/ (krisztina.than@reuters.com; tel +36 309 865 969; rme krisztina.than@reuters.com.net)
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