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CZECH GALAXIE LAUNCHES
Regional Czech satellite TV station Galaxie started transmissions on November 18 on satellite and cable according to local reports. It has also been reported that channel could be a target for Central European Media Enterprises (CME) as a new vehicle for its ambitions in the region following its well-publicised falling out with CET21 and Nova TV.
Galaxie started broadcasting in December 1996 with a regional television licence. The holder of licence for Galaxie is the RTV Gemma company. In September this year Galaxie concluded a contract with the Patria Finance investment company, which ensured it long-term financing through a capital entry of a group of both domestic and foreign investors. US-based Global Television Networks invested in Galaxie last year, taking a 49 per cent stake in RTV Gemma.
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