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Slovak TV made Sk400 million profit last year

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
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