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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital
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 Friday 22 August 2008
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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital

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MTV to post another huge loss in 2004

The Hungarian State Television MTV Rt will post losses of Ft 8 billion for 2004 despite cutting its costs by nearly Ft 3 billion, a company executive said on Friday.


"We can see now that cost saving will be between Ft 2.5 billion-3.0 billion in a year that was extra expensive because of the five large international sports events, and when the company received only a fraction of the subsidies it had expected," said the executive, who asked not to be named. Despite the expected Ft 10.8 billion the television only received a lifebelt of Ft 4.8 billion last year. (MTI)

Source: Hungary A.M.



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21.02.2005

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