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 information that was published in the insolvency office on Tuesday registry. The server pointed it out Mediaguru.cz. According to CT and Media Club, Médea is in decline. Medea in the statement in registry she 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.
ČT states in the current insolvency proposal that Médea owes it 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.
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.
Medea denies that she is in decline. She described the insolvency proposal as “bullying” in a filing sent to the Municipal Court in Prague. 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 her submission that some debts to ČT are more than a quarter of a year past due.
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.
