Quote:
Originally Posted by RichardCoulter
I can't help but wonder if, following the UKTV & ITV disputes, this is Sky trying it on or firing a warning shot to VM before the forthcoming Sky carriage renewal discussions start. They will know full well that VM won't want any more negative press concerning high profile channel removals
|
Sky and ITV are minority shareholders same as Liberty Global is with ITV, they are not directly involved in the running (into the ground) of Ginx and have probably already written it off as a bad investment.
The end notes Ginx TV's 2017 financial statement are somewhat revealing.
https://beta.companieshouse.gov.uk/c...filing-history
"The company incurred a net loss of £1,771,479 for the year ended 31 December 2017 and at that date, the company had retained losses of £8,827,049 and net assets of £640,254. However losses at the current levels indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern."