Are you sure?

TV2 repays startup loan

Commercial television channel TV2 operated by MTM-SBS Rt had Ft 8.3 billion turnover in Q2 2005, representing a 17% increase on the same period last year, daily Népszava reported. CEO Gábor Kereszty announced that TV2 has repaid the last installment of the Ft 6 billion loan contracted at the station's startup in 1997, thus relieving the company of a Ft 600 million annual interest burden. Zoltán Várdy commercial director said that TV2, will expand its advertising time marketing services to include more cable channels aside from the current ones Spektrum, Club and Iris.