TV Nova began broadcasting in 1994 from Prague as the first privately owned nation-wide Czech TV channel. Channel was founded by Vladimír Železný, CET 21 broadcasting license holder, and financially supported by CME of Ronald S. Lauder at the beginning.
Nonetheless, in later years disputes between CET 21 and CME resulted in an international arbitration where Czech Republic had to pay CME compensations to the extent of 353 million USD (~10 billion CZK).
TV Nova was broadcasting from Vladislavova street near Národní Třída until August 1999. Now, the channel broadcasting from Barrandov studios at Kříženeckého nám. 322/5, Prague 5, 152 52. Moreover, Vladimír Železný sold CET 21 to the financial group PPF of Petr Kellner and currently the channel is owned by CME.