Czech TV stations are being forced to make cutbacks due to the global financial crisis.
HN reports that TV Nova, the country’s leading broadcaster, will reduce investment in film co-productions by around 40% this year.
Its total costs in the first half of this year amounted to CZK1.25 billion (€48.6 million), as opposed to CZK1.4 billion in the same period in 2008.
The news-based station Z1 is meanwhile cutting its budget by 10%, while TV Barrandov, launched earlier this year, plans to cut 8-10% of its annual budget.
Prima TV, backed by MTG, is also having to cut back, having seen its ad revenues fall by 20% in H1 this year.
