In an interview with HN daily, TV Nova’s CEO, Petr Dvorak said that CME plans to maintain TV Nova’s dominant position on the Czech TV market as CME is prepared to invest significant sums into the station. TV Nova is also planning launch of several new cable channels and on internet. We see the comments as neutral given CME’s know strategy with TV Nova, nevertheless, despite TV Nova being one of the most successful channel in the CME portfolio we assume that there is a still huge potential to be exploited in terms of new revenues channels – cable, internet and costs cutting – joint programming with TV Markiza (Slovakia). We reiterate our Buy recommendation.