Quote:
Originally Posted by RichardCoulter
This sounds like a raw deal, but if the company went bankrupt, it's very unlikely that they would get anything. 1% is better than nothing!
It's a bad deal for staff, as if the company were to cease trading, any redundancy payments that could not be met by the company could be claimed from the National Insurance fund.
Did VM used to own these channels in the past and sell them off, or am I thinking of another shopping channel 
I seem to remember VM decrypting and making the channels totally Free to Air in order to widen their reach. |
Sit up launch in 2000 as an independent Company before being sold to Telewest (Now part of Virgin Media) in 2005. Sit-Up Ltd was sold by Virgin Media to Aurelius AG in 2009. In December 2013, the struggling Bid Shopping group was taken over by former Corporate Restructuring Lawyer Bryan Green, the channel had posted pre-tax losses of 7.4m in 2011 and a 10% fall in sales.
http://en.wikipedia.org/wiki/Bid_tv