The Czech regional station Metropol TV has filed for bankruptcy.
Local reports say that it posted a loss of CZK131 million (€5.07 million) last year and has total debts of CZK235 million.
The first signs that Metropol TV was in financial difficulties emerged late last year, when its then owner Lubos Mekota came under investigation by the authorities and had some of his property seized.
Mekota died suddenly of natural causes earlier this year.
The publishing company Mladá fronta reportedly acquired Metropol TV only last month for an undisclosed fee.
Metropol TV covers the whole of Prague and around 65% of central region of the Czech Republic, giving it a reach of some 2.2 million people.
