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Troubles at Luna deepen, US investor announced

Staff at the privately-owned TV Luna station, which has had long-term financial problems, have demanded the truth about whether or not a foreign investor is going to be brought into the station. Some TV Luna staff have not been paid for three months, they said.

On September 18, the date by which Luna management had promised to clarify the investor situation, Slovak news agency SITA reported that an American company mediated by Grand Multitrade might enter Luna.

TV Luna began broadcasts in November 1999. The station is run by owner Milan Nemček, assisted by Ľubomír Kanis, former general director of collapsed finance house Devín banka.

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