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Public media outlets to sell headquarters

THE STV television station and Slovak Radio want to sell their headquarters' buildings in Bratislava during 2005, reported the Hospodárske noviny business daily.

The reason is that operating and maintenance costs are just too high.

Slovak Radio has to spend Sk120 million (€3.15 million) and the STV Sk42 million (€1.1 million) annually on their building's upkeep.

The management of both companies also say that the buildings need costly reconstruction work.

According to Hilda Gajdošová, economic director of Slovak Radio, the costs for reconstruction of the Slovak Radio building would equal the cost of building a completely new headquarters.

Branislav Záhradník from STV management estimates the costs for reconstruction of the STV building at Sk64 million (€1.68 million).

Another reason for a change is that both buildings were designed for far higher numbers of employees than both institutions currently have.

The STV headquarters are designed for more than 4,000 people while today there are only 800 people working there.

Slovak Radio's building was designed for 1,200 employees but there are only 700 people currently employed there. Estimates suggest that the market price of the Slovak Radio site could range from Sk1.5 billion to Sk1.8 billion (€40 to €50 million). Construction of a new radio building could cost from Sk700 million to Sk800 million (€18.34 million to €21 million). The STV wants to announce an international tender for the sale of its building.

The STV Council has already calculated within this year's budget that income from the building's sale could reach Sk335 million (€8.6 million).

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