All change for Czech Z1

By Chris Dziadul

The Czech news-based digital channel Z1 has confirmed that it is planning deep cutbacks and a change to its format.

Quoted in HN, its DG Zdenek Samal said the former would involve the shedding 10% of employees.

He added that restructuring should be completed at the end of this month, after which Z1 would become a business-oriented channel.

Z1 was launched in June 2008 and lost hundreds of millions of Czech crowns last year.