Czech stations seek investor

November 27, 2012 09.08 Europe/London By Chris Dziadul

The new Czech national commercial broadcaster Petka (Five) and its sister service TV Metropol have run into financial difficulties.

Quoting Marek Vitek, Petka’s director, and Katerina Kotalova, a spokesperson for the station, E15 reports that they are in the process of looking for a new investor.

Petka began operating on a national basis in October, while TV Metropol is a regional service and has been present in Prague since 2010.

Both are majority owned by the billionaire Lubos Metka.