STV shows 2003 profit, up from half billion debt

THE PUBLIC television station STV generated a profit of Sk84 million (€2.1 million) in 2003, climbing up from the Sk410 million (€10.2 million) debt from the previous year.

STV was operating under a crisis regime at the break of 2002 and 2003 under new director Richard Rybníèek.

The Slovak daily SME wrote that the STV recorded revenues of Sk2 billion (€49.9 million), of which nearly Sk1.2 billion (€29.96) came from the compulsory Sk100 (€2.5) fees that all Slovaks have to pay on a monthly basis, the so-called concessional fees.

STV's revenues from advertising were Sk199 million (€4.97 million), and the state funding for the public broadcaster was Sk368 million (€9.2 million).

Compiled by Martina Pisárová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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