Czech News Agency
Encyclopedia
The Czech News Agency abbreviated to ČTK, is a national "public law" news agency
News agency
A news agency is an organization of journalists established to supply news reports to news organizations: newspapers, magazines, and radio and television broadcasters. Such an agency may also be referred to as a wire service, newswire or news service.-History:The oldest news agency is Agence...

 in the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

. It publishes in Czech
Czech language
Czech is a West Slavic language with about 12 million native speakers; it is the majority language in the Czech Republic and spoken by Czechs worldwide. The language was known as Bohemian in English until the late 19th century...

, Slovak
Slovak language
Slovak , is an Indo-European language that belongs to the West Slavic languages .Slovak is the official language of Slovakia, where it is spoken by 5 million people...

, and English.

Founded on 28 October 1918, on the same day as Czechoslovakia
Czechoslovakia
Czechoslovakia or Czecho-Slovakia was a sovereign state in Central Europe which existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until 1992...

's formation, the company has been owned by the government and used by the various regimes in the Czech lands
Czech lands
Czech lands is an auxiliary term used mainly to describe the combination of Bohemia, Moravia and Czech Silesia. Today, those three historic provinces compose the Czech Republic. The Czech lands had been settled by the Celts , then later by various Germanic tribes until the beginning of 7th...

 since then. Since 1989 "velvet revolution" the governments ceased interfering in editorial decisions. Since 1993 the government religuished control of the agency which is since then governed by a board of seven people elected by the lower house of the Parliament. Members of the board are not allowed to be politically active.

Since 1993 the agency is run as a regular business and since 1997 it creates annual profits. Since 1996 it does not receive any state subsidy
Subsidy
A subsidy is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry or an increase in the prices of its products or simply to encourage it to hire more labor A subsidy (also...

.

It was renamed from Czechoslovak to Czech News Agency on January 1, 1993 when Czechoslovakia split. CTK, however, stayed active in the Slovak market. Its former Slovak part is a separate company under a different set-up called TASR News Agency of the Slovak Republic
News Agency of the Slovak Republic
The News Agency of the Slovak Republic is a Slovak news agency founded on 30 January 1992. Its headquarters are located in Slovak capital Bratislava. TASR's main goal is to gather, store and provide news coverage of Slovak and international events in audio, photo and text form.TASR is partially...

.
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