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IN SHORT - BUSINESS

Public STV may sell grounds, buildings

PUBLIC broadcaster Slovak Television (STV) may sell the majority of its current grounds, according to a plan by the network's leaders.

The Slovak daily SME reported that the STV management is considering building a new area that would be in line with the "needs of a modern, efficient, and intelligent TV channel of the 21st century", Branislav Záhradník, one of the company's managers, said.

He admitted that STV would organise an international tender for the bid. However, as the STV premises are state-owned and only STV administers them, before offering the grounds to business entities, STV would first have to offer it to state subsidized and budgetary organisations.

STV managers said that if the premises were sold to a business entity, the broadcaster could use the money from the sale to cover its debt - currently at about Sk680 million (€16.2 million) - and also to invest some money into the building of STV's new premises.

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