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US Emmis buys Bulgarian Inforadio

Date: 20.12.2007

US broadcaster Emmis Communications Corporation announced it has acquired Inforadio, a national radio chain broadcasting in 13 Bulgarian cities.

The deal has been finalized but no financial terms were disclosed.

Balkan Broadcasting EAD, an Emmis subsidiary, purchased 100% of the stations' parent company, Infopress & Company OOD, a Bulgarian limited liability company, from shareholders Folex EOOD and Consult Lege Artis EOOD.

Inforadio is Emmis' third national radio brand in Bulgaria following the acquisitions of Radio FM+ and Radio Fresh.

Emmis is an Indianapolis-based diversified media firm with radio broadcasting and magazine publishing operations on the markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin, Indianapolis and Terre Haute, Ind.

Emmis International also owns and operates national stations or networks in Belgium (Be One), Hungary (Slager Radio) and Slovakia (Radio Expres).

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