However, the 1996 CME annual report, submitted to the Security and Exchange Commission on 24th March, 1997, states unequivocally that "During 1996, Nova TV recorded $109.2 million in net revenues."
When confronted with this information in Czech Parliament, Zelezny argued that the sum of 109,2 million dollars was a type of gross revenue.
Jan Culik
Glasgow University
9th May, 1997