Jaromír Soukup’s company Médea is again facing an insolvency proposal. It was submitted by Czech Television (ČT) and the company Media Club from the media group Prima, to which, according to Médea’s proposal, they owe approximately 30 million crowns for the provision of advertising space. This follows from the information that was published today in the insolvency register. The server Mediaguru.cz drew attention to it.
According to CT and Media Club, Médea is in decline. In a statement in the register, Médea described the procedure of ČT and the Media Club as bullying. Due to other advertising debts, an insolvency petition was filed at Médeu as early as mid-February. However, this proceeding was canceled in March when Médea paid the claims.
Unpaid receivables that are more than a quarter of a year old
CT in the current insolvency proposal states that Médea owes her a total of about 11.8 million crowns for orders to broadcast advertising or sponsor programs. All the mentioned receivables are at least 30 days past due, and some even more than a quarter of a year. According to the proposal, the television unsuccessfully demanded the payment of the debts already in January by filing a pre-suit challenge.
Investor Miček owes a billion. The auction of paintings by Kupka and Dokoupila from his estate is to help him
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On the internet portal verejnedrazby.cz, the auction of 25 paintings and art photographs from the property of investor Michal Mička, former owner of the companies Kara Trutnov and Pietro Filipi, has started. Mička is insolvent and the court granted him debt relief. Paintings and photographs, the starting price of which ranges from 16,050 crowns to 563,000 crowns, are being auctioned by the Brno company Gaute. For example, a painting by František Kupka will be auctioned.
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According to the proposal, Médea did not pay Media Club a total of approximately 18.1 million. As in the case of ČT, Médea did not make the payments for the orders to broadcast television advertisements. In addition, ČT and Media Club write in the insolvency proposal that Médea has outstanding claims for more than a quarter of a year past due, also against other creditors. According to CT and Media Club, Médea does not have enough money or other assets to repay the debts.
It’s bullying, defends Medea
Medea denies that she is in decline. In a filing sent to the Municipal Court in Prague, she described the bankruptcy proposal as “bullying”. According to the company, ČT and Media Club are abusing the insolvency proceedings to increase the pressure on Médea to pay the debts. However, Médea herself admitted in the filing that some debts to ČT are already more than a quarter of a year past due.
Czech Post will not survive without changes. It threatens to fall into insolvency already at the end of the year
News from companies
Česká pošta, if it does not start transformational steps, may become insolvent by the end of the year. This was stated by Minister of the Interior Vít Rakušan (STAN). Last year, the state enterprise reported a loss of 1.5 billion crowns.
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Médea already faced insolvency proceedings in February. The companies Cinema City Czech, Cinexpress and Knowlimits Group stated at the time that Médea had not paid them invoices for the provision of advertising space in cinemas and shops for a total of approximately 3.5 million crowns.
According to the companies, the debts were months overdue and Médea did not pay them even after repeated calls. Cinema City Czech also sent two pre-suit summonses to Médea due to debts. However, Médea paid the claims only after the initiation of insolvency proceedings, which were stopped at the beginning of March.
Media tycoon Soukup once again took control of the Médea company
News from companies
China’s CITIC sold its 55.8 percent stake in media company Médea back to businessman Jaromír Soukup. She held the stake through Rainbow Wisdom Investments.
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This is currently the third insolvency proceeding that Médea is facing. Two years ago, the court started insolvency proceedings with Médea at the request of Lipian Trade. In April of the same year, however, he rejected the insolvency proposal.
Médea is part of Jaromír Soukup’s companies, which in the media market include Empresa Media publishing house and TV broadcaster TV Barrandov. Together they form the Médea Group.
Special Real Estate Club
Realitní Club is a multi-platform project of the newstream.cz server dedicated to real estate, aimed at the B2B and B2C segment. It has three basic parts – web, print and event with a strong focus on social networks. The Realitní Club’s special page was the first to launch. The special is divided into four categories that deal with key areas of the real estate market in a “deep dive” manner.
- Brownfields: the vision and future of undeveloped areas, especially in big cities;
- Commercial real estate: offices, coworking;
- New construction: development, rental housing, cooperative housing, mortgages;
- Reality and politics: how municipalities and the highest levels of central politics participate in construction.
They will be included conversations with developers, politicians, architects and designers.
