|

Administration For ITV Digital Confirmed

Administration For ITV Digital Confirmed

Carlton and Granada have confirmed that an application has been made to the High Court for an administration order to be made in relation to ITV Digital. Deloitte & Touche, called in to review the group’s financial situation, will be appointed as administrators, as expected.

A statement issued concludes: “The shareholders have agreed to provide short term funding to the business during the administration. Deloitte & Touche partners have confirmed that they will maintain the services provided by ITV Digital during the administration.”

Related Stories from NewsLine: ONdigital Takes To The Air ONdigital Returns Fire In DTV War ONdigital Doubles Its Subscribers ONdigital Takes Half A Million Subscribers ONdigital On Target To Reach 1 Million Subs By End Of Year ITV And ONdigital Secure Football League Rights ONdigital Launches TV Internet Service ONdigital Chief Calls For Joint Effort In Digital TV Promotion ONdigital Hit 1 Million Subscriber Target In Time For New Year Carlton And Granada May Implement Spending Cuts At ONdigital ONdigital Subs Growth Hampered By High Churn Comedy Duo Front ONdigital Rebrand ITV Digital To Break Even By 2004 Uptake Up At ITV Digital Digital TV’s Future Depends On ITV Digital Zenith Slams ITV Digital Prebble Denies ITV Digital Will Close ITV To Review Football League Deal? Former BSkyB Exec To Review ITV Digital ITV Digital May Form Partnerships ITV Digital To Restructure; Merger Talks Revived? Football League Rejection Could Close ITV Digital ITV Digital Dispute Goes Into Extra Time

Media Jobs