|Type||Broadcaster (Television, Radio & Online)|
|Owner||Government of Latvia|
|Ivars Belte (Chairman of the board)|
The company is funded by grant-in-aid from the Latvian government (around 60%), with the remainder coming from television commercials. Although moving LTV to licence fee funding has long been debated, this has been consistently opposed by the government. Many media analysts believe that the real reason for this is that the government is reluctant to lose the control of LTV that state-funding gives the government.
LTV operates two channels, LTV1 in Latvian and the youth-oriented LTV7 (previously called LTV2) in Latvian and Russian. LTV1 is the annual broadcaster of Eurovision in Latvia, and LTV7 also broadcasts many sport events like Olympics, different Latvian sport league and national team games, MHL, Euro and FIFA World Cup.
The company is the member of the European Broadcasting Union, having joined on 1 January 1993. LTV hosted the annual Eurovision Song Contest in 2003, as well as the IIHF Men's Ice Hockey Championships in 2006 and will host the first Eurovision Choir of the Year competition in 2017.
LTV began broadcasting on 6 November 1954 in black-and-white then launched second TV channel in 1961 and converted to SÉCAM color in 1974. The color standard was changed to PAL in 1998. It is the first and oldest national television station in the Baltics.
In 2008, LTV started being broadcast in digital terrestrial TV standard in MPEG2 format, changing to MPEG4 format on 1 August 2009 as the telecommunications company Lattelecom has been chosen to be the official integrator of digital terrestrial TV in Latvia. Analogue distribution of LTV7 has been finished on 1 March 2010. LTV completely finished broadcasting LTV1 in analogue format on 1 July 2010.
Latvian Television building on Zaķusala