HUNGARIAN BROADCASTING CORP
NT 10-Q, 1998-11-09
TELEVISION BROADCASTING STATIONS
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                                   Form 12b-25
   (As last amended in Release No. 34-21633, January 4, 1985, 50 F. R. 1442.)

                    U. S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON. D.C. 20549

                            CUSIP Number 445539-30 7

                           NOTIFICATION OF LATE FILING
                                   (check one)

 ( ) Form 10-K     ( ) Form 11-K     ( ) Form 20-F     (X) Form 10-Q
 ( ) Form N-SAR For Period Ended - September 30, 1998

Part 1 - Registrant Information

Full Name of Registrant               - Hungarian Broadcasting Corp.
                                        c/o Ronald Moss
Former Name if Applicable
Address of Principal Executive Office - 1123 Broadway, Suite 902
City, State and Zip Code -              New York NY 10010

Part II - Rules 12b-25 (b) and (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

(a)  The reasons described in reasonable detail in Part III of this form could
     not be eliminated without unreasonable effort or expense;

[   ]

(b)  The subject annual report or semi-annual report/portion thereof will be
     filed on or before the fifteenth calendar day following the prescribed due
     date; or the subject quarterly report/portion thereof will be filed on or
     before the fifth calendar day following the prescribed due date;

[ X ]

(c)  The accountant's statement or other exhibit required by Rule 12b-25(c) has
     been attached if applicable.

[   ]

Part III - Narrative

State below in reasonable detail the reasons why the form 10-K, 11-K, 20-F, 10-Q
or N-SAR or portion thereof could not be filed within the prescribed time
period.

Part IV - Other Information

     (1)   Name and telephone number of person to contact in regard to this
           information
                     Ronald Moss        (212)        758 9870
                      (Name)         (Area Code) (Telephone Number)

<PAGE>
 
     (2)   Have all other periodic reports required under Section 13 or 15(d) of
           the Securities Exchange Act of 1934 or section 30 of the Investment
           Company Act of 1940 during the preceding 12 months or for such
           shorter period than the registrant was required to file such
           report(s) been filed ?

     If the answer is no, identify report(s). [ x ]  Yes   [   ]   No

     (3)  It is anticipated that any significant change in results of operations
          from the corresponding period for the last fiscal year will be
          reflected by the earnings statements to be included in the subject
          report or portion thereof?

                              [  ]  Yes   [ x ]   No
          If so: attach an explanation of the anticipated change, both
          narratively and quantitatively, and, if appropriate, state the reasons
          why a reasonable estimate of the results can not be made.

               Hungarian Broadcasting Corp.
              (Name or Registrant as specified in charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date: November 9, 1998                            By: Ronald Moss

RIDER TO FORM 12 -B-25

The reason for the delay is that the Company has had a change of personnel which
finalizing the financial statements.



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