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Emmis Triumphs in Hungarian Court: Ruling Means Only Sláger and Danubius Are Qualified Bidders

Indianapolis....This morning a Hungarian court ruled in favor of Emmis Communications Corporation (Nasdaq: EMMS)-owned Sláger Radio that the National Radio and Television Board (ORTT) illegally awarded a national radio broadcast contract to FM 1.  The ruling means that Sláger was one of only two qualifying bids in the recent tender for Hungary's two national radio licenses."We feel vindicated that the courts struck down the regulatory decision, and ruled in favor for our claims," Emmis Chairman & CEO Jeff Smulyan said.  "The people of Hungary believed in Sláger, and we trust we'll be back on the air soon."The court