You will be redirected back to your article in seconds

Hungarian B’cast earnings flat

Company reports $8.5 mil in losses for six-month period

The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses.

Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time charges for expenses related to the acquisition of companies, the sale of a subsidiary and costs of securities issuance.

Revenues for the six months ended June 30 rose slightly to $1.8 million compared with $1.7 million in 1997. The company reported $8.5 million in losses for the period.

HBCO is a satellite-to-cable television broadcaster and media services company with four stations in Central and Eastern Europe with current total viewership of 13 million viewers. The operator plans to launch Nickelodeon and MTV programming on its two Hungarian stations between now and November.

More Biz

  • BMG Launches Campaign Against Anti-Semitism

    BMG, Distributor of Controversial German Rappers, Launches Campaign Against Anti-Semitism

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • Directv Latin America - Vrio

    AT&T Cancels IPO for DirecTV Latin America Unit

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • MedMen Marijuana Dispensary

    Can Capitalism Find High Times as California Embraces Pot?

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • Songs for Screens Powered by Mac

    Songs for Screens: How JanSport Tapped Artists (Who Already Were Customers) for Its Latest Ad Campaign

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • Bill Cosby

    Key Defense Witness Takes Stand at Bill Cosby Retrial

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • Teamsters' Seniority System Not a Good

    Teamsters' Seniority System May Not Work Well for Other Crafts, Guilds

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

  • Daniel Fellman Bill Mechanic

    Daniel Fellman to Replace Bill Mechanic on Academy Board of Governors

    The Hungarian Broadcasting Corp. (HBCO) on Wednesday reported flat second-quarter earnings and equally unimpressive revenues for the first half of the year, due to considerable losses. Earnings for the second quarter, ended June 30, mirrored 1997 second-quarter results, remaining at $1.1 million. Second-quarter comprehensive losses dipped to $6 million and include $3.3 million in one-time […]

More From Our Brands

Access exclusive content