Metromedia International Group (MMG) Looking for Opinions Message Board

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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions

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To: Elayne Shochet Tatar who wrote (49)	7/9/1997 11:31:00 AM
From: Elayne Shochet Tatar	of 353

Is anyone still here? This is from today's Wall Street Journal. Dow Jones Newswires -- July 9, 1997 Hungary Radio Attractive To U.S. Co Metromedia: Report BUDAPEST (AP-Dow Jones)--United States-based Metromedia International Inc. (MMG) plans to bid for a Hungarian national commercial radio franchise, the Hungarian News Agency's (MTI) Econews service reported Wednesday. The minimum bid price of 3 billion forints ($1=189.21 forints) set in the tender is high and will make bidding difficult, Econews quoted Metromedia CEO Karl Brazell as saying. Metromedia plans to bid in a consortium. Brazell said the other members in the consortium weren't radio companies but declined to give further details, Econews said. Hungarian regulations require that a 25% stake in the consortium should be Hungarian-owned. Bids for the tender are to be submitted by September 8 to the National radio and Television Board (ORTT). Metromedia already owns a Hungarian regional radio broadcaster Juventus Radio. Copyright c 1997 Dow Jones & Company, Inc. All Rights Reserved.

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