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April 27, 1994

REUTERS LOOK FOR STAKE IN SLOVAKIAN TV LICENSE BID

By CBR Staff Writer

Reuters Holdings Plc may take a stake of up to 15% in a Slovak-led joint stock company that is vying for Slovakia’s first nationwide private television licence, Reuter reports from Bratislava: officials of ESPE, the Slovak film production company that applied for the licence, said that Reuters and French broadcasting conglomerate Sofirad SA wanted up to 15% each in a joint stock company, Altev, which would control the channel if ESPE were awarded the licence; ESPE officials have said that start-up capital would amount to about $24m with broadcasting from next February.

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