Quote:
Originally Posted by RichardCoulter
I would have thought that they would have tried to sell the business for a nominal fee like £1, with the new owner taking on the debts or dissolved the company and replaced it with another to rid themselves of any debt.
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Yes but the contracts would all cease with the receivership of the existing company, crucial when you are trying to operate a 24/7 broadcasting service. So amongst other things your EPG slots would all go and you would face other disruption and a resulting lack of customer confidence.