09.36 Europe/London, August 2, 2011 By Chris Dziadul
The Czech music station Ocko appears to have turned the financial corner, thanks in good part to a recovery the country’s TV ad market.
According to E15, its losses in 2010 amounted to CZK3 million (€124,000), as opposed to CZK29.4 million the previous year, while its accumulated losses stood at CZK43 million.
Its revenues meanwhile rose by CZK10 million during the year to CZK120 million.
Ocko is operated by Stanice O, which is in turn owned by Mafra Media.
It is distributed by a number of platforms including Skylink, CS Link, Digi TV and UPC Direct (DTH), UPC Czech (cable) and the fourth DTT multiplex, which reaches nearly 26% of the population, and has around 1.3 million viewers.