Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-QSB
Quarterly Report Under Section 13 or 15(D)
of the Securities Exchange Act of 1934
For the Quarter Ended Commission File Number
September 30, 1996 0-26808
HUNGARIAN BROADCASTING CORP.
(Exact name of Registrant as specified in its charter)
Delaware 13-3787223
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
445 Park Avenue, New York, NY 10022
(Address of principal executive offices)
(212) 758-9870
The Registrant's telephone number, including area code
Indicate by check mark whether the Registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X
No___
Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest possible
date:
Common Stock, $.001 par value 2,585,600 Shares
(Class) (Outstanding at
September 30, 1996)
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended, the Registrant
has duly caused this Report to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of
New York, State of New York, on the 21st day of November, 1996.
HUNGARIAN BROADCASTING CORP.
By /s/ Frank R. Cohen
----------------------------
Frank R. Cohen
Treasurer and Secretary
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS
<FISCAL-YEAR-END> JUN-30-1996 JUN-30-1995
<PERIOD-END> SEP-30-1996 SEP-30-1995
<CASH> 569,867 348,260
<SECURITIES> 0 0
<RECEIVABLES> 409,075 88,373
<ALLOWANCES> 89,057 12,775
<INVENTORY> 0 0
<CURRENT-ASSETS> 1,387,691 686,906
<PP&E> 346,808 49,479
<DEPRECIATION> 21,247 49,126
<TOTAL-ASSETS> 3,386,878 2,984,575
<CURRENT-LIABILITIES> 2,103,035 1,803,991
<BONDS> 0 0
0 0
100 0
<COMMON> 2,585 1,647
<OTHER-SE> 0 0
<TOTAL-LIABILITY-AND-EQUITY> 3,386,878 2,984,315
<SALES> 353,315 207,837
<TOTAL-REVENUES> 353,315 207,837
<CGS> 1,329,966 931,881
<TOTAL-COSTS> 1,320,966 931,881
<OTHER-EXPENSES> 0 0
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> (65,453) (131,152)
<INCOME-PRETAX> (1,096,529) (846,430)
<INCOME-TAX> 0 0
<INCOME-CONTINUING> (1,096,529) (846,430)
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (1,096,529) (846,430)
<EPS-PRIMARY> (0.42) (0.59)
<EPS-DILUTED> 0 0
</TABLE>
