IN SHORT

Markíza license extended by 12 years

SLOVAKIA'S licensing authority has extended the broadcast license of the country's most watched television station, Markíza, until September 2019.

Earlier this year, the Broadcast and Retransmission Council had suspended debate on prolonging the license, as the council objected to the insufficient representation of Slovak nationals in the company, the SITA news wire wrote.

However, Andrej Holák of the council said that Markíza now has a new Board of Representatives and has shown the council a new company structure and a shareholders' statement approving the model.

Holák said the Board of Representatives will have five members: three for the US media company, Central European Media Enterprises (CME), and ARJ, which is controlled by CME, and two for the Slovak company Media Invest.

In most cases the board will decide by a simple majority of three votes. However, at least one Media Invest deputy must be present at each session.

On October 31 last year, CME signed a contract with three partners in TV Markíza to increase its stake to 80 percent for $28.7 million.

CME also increased its voting rights from 34 to 80 percent in the Markíza-Slovakia company, which holds the station's broadcast license.

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