Czech TV Nova secures licence for new channel.

By bne IntelliNews August 25, 2011
Czech TV Nova, owned by Central European Media (CME), has been awarded a licence for a new channel by the Council for Radio and Television Broadcasting, Hospodarske Noviny reported. The new TV station, with a working title Kanal 5, will target male audience and will be broadcast via DTT and cable for 18 to 20 hours a day. CME reported a net revenue of USD 140.4mn from operations in the Czech Republic in the first half of 2011, an improvement of 11.6% from a year earlier. CME, partly owned by Time Warner Inc., is a media and entertainment company operating leading broadcasting, content and new media businesses in six central and eastern European countries with an aggregate population of approximately 50 million people. In the Czech Republic, CME owns TV stations TV Nova, Nova Cinema, Nova Sport and MTV Czech.

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