The Czech public broadcaster Ceska Televize (CT) has indicated it may have to close its third channel CT3.
This will be as a result of the country’s Chamber of Deputies rejecting an amendment that addressed the extension of a partial VAT reduction for CT and its radio counterpart (CRo).
This will result in CT losing over CZK300 million (€11.8 million) and CRo CZK120 million this year.
CT says the decision will have a direct impact on original TV productions, especially drama, animated and children’s stories, the development of regional news and sports broadcasts.
The VAT reduction has been in place for five years.