THE PUBLIC broadcaster Slovak Television (STV) reported a Sk399.4 million (€10 million) profit in 2004.
Branislav Záhradník, a member of the STV management, said that the result was largely due to a special subsidy received from the state, totalling Sk399.5 million to pay its debts, the SITA news agency wrote.
Of the total Sk2.4 billion (€62 million) of revenues, licence fees represented Sk1.4 billion (€36 million), which is a 21.2 percent increase year-on-year, although 7.7 percent lower than the TV managers expected.
Advertising sales time grew 89 percent year-on-year to Sk446.4 million (€11.45 million), exceeding STV's estimations by 11.6 percent.
Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
4. Aug 2005 at 9:13