Czech Ocko losses mount
July 24, 2012 09.41 Europe/London By Chris Dziadul
The Czech music channel TV Ocko saw its debts increase to CZK13 million (€507,880) in 2011.
According to E15, this was CZK10 million more than the previous year and the second worse loss since 2004.
Moreover, its cumulative loss in the last three years amounted to over CZK45 million.
TV Ocko is owned by the publishing group Mafra but has been a takeover target for Lagardere for some time.
Facing competition from such channels as MTV and Retro Music Television, it improved its standing in the market last month by securing national coverage on the country’s third DTT multiplex.