Mediafax (Mediafax)
Czech markets  |  June 14, 2011 10:20:22

Former Public TV operator is bankrupt


PRAGUE (MEDIAFAX) - The Prague Municipal Court sent to the decline associated with the declaration of bankruptcy TotalPress company that ran the Public TV station. Agency unless otherwise indicated on Tuesday that found from the internet version of the Insolvency Register.

The company is in insolvency proceedings in the first half of April, when it filed the proposal itself. By design owes more than 134 million crowns. Just 64 million crowns of GMF, which claims received from the Czech Digital Group. Based on this claim was the District Court for Prague 1, ordered the execution debtor's assets. The actual Czech Digital Group company owes over 19 million. TotalPress but also the debts of other companies, eg companies in Hampton, Pro-Zeta or association or union Integrate OSA.

"Revenue from the operation of the debtor's business is currently below a level which would allow payment of its outstanding debts," the material.

The receiver has become a Prague lawyer Martin Jinochová. The first creditors' meeting will take place on 28th July.

TotalPress operated Public TV station, but it was broadcast in all distribution networks in late May and June ended.

Libor Popel,

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