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Article: HBCO Purchases SZIV Television and Global Television Networks
- Article from:
- PR Newswire
- Article date:
- January 6, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Jan. 6 /PRNewswire/ -- Hungarian Broadcasting Corp. (Nasdaq SmallCap: HBCO) announced through its Chairman, Peter E. Klenner, that it has purchased Global Television Networks, Inc. ("GTN"), owner of SZIV Television, a national satellite-to-cable broadcaster currently reaching approximately 1,500,000 television households through the AM Micro transmission system in Budapest and about 140 cable companies via satellite distribution in Hungary.
GTN is a New York-based distributor of paid adult television programming, holding long-term contracts with United Phillips cable operators in Vienna and Amsterdam and exclusive long-term contracts with NTV Plus ...