Media news:
Shoppingtelly: Price Drop owner sit-up Limited announces CVA proposal.
The auditors for Sit up / Bid TV have sent a pack to everyone they owe money to - this includes suppliers, freelancers, staff etc. They are seeking a voluntary agreement to write off £68 million worth of debt.
http://forum.shoppingtelly.com/forum...-and-suppliers
http://forum.shoppingtelly.com/forum...s-CVA-proposal
FT: Channel 5 sale update.
A trio of US cable network owners have entered the race to buy Channel 5, the UK television broadcaster owned by media baron Richard Desmond.
Viacom, Discovery Communications and Scripps Networks all put forward bids for the company on Thursday, according to people familiar with the process. The sale also drew an offer from Saban Capital.
http://www.ft.com/cms/s/0/4de32a4c-a...#axzz2uuDzwurM