TV hit has been struggling with major financial problems for a long time; last November, one of the creditors filed for insolvency petition at the station.
“As a result of the coordinated bullying action of Czech Digital Group and Česká Radiokomunikace, the debtor found himself in a situation where he has more obligations longer than a month overdue, which he is unable to meet,” says Šlágr TV’s lawyer Dušan Zach in the insolvency petition.
The “bullying” conduct according to the insolvency proposal included the shutdown of the channel, the inadequate insolvency proposal or the aforementioned blocking of funds in bank accounts in June this year. This was to be related to the creditor’s efforts to recover a claim of almost twenty million.
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The Czech Digital Group from the Česká Radiokomunikace group filed for insolvency against Šlágr TV last year at the end of November. In it, Czech Digital Group claimed at the time that the station owed the company 45 million crowns for telecommunications services. Already last August, creditors restricted the station’s broadcasting to a black screen with the words Šlágr.
At that time, due to debts, České Radiokomunikace terminated the broadcasting of both channels Šlágr TV and Šlágr 2. The station subsequently secured the signal transmission via Digital Broadcasting, but according to her, there was a sharp drop in viewership and revenue.
According to last year’s statement from the creditor, however, Šlágr TV approached his debts sluggishly. “Receivables with accessories have not been fully paid by the debtor; on the contrary, receivables with accessories have increased and are growing uncontrollably every month, and the debtor himself repeatedly states, even in the media, that he is unable to pay his obligations,” the November insolvency petition stated. Czech Digital Group.
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