Sit-up ask workers to take Price Drop to keep channels bidding.
18-03-2014, 14:09
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#1
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Sit-up ask workers to take Price Drop to keep channels bidding.
Info from Shopping telly.tv Forum.
Quote:
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. They are offering just £600k towards what they owe. That means at best everyone will get less than 1% of what they are due. So if they owe you £100 you will get less than £1.
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Voting on a CVA is set for 2pm (UK Time) today (March 18th).
For more info go to http://forum.shoppingtelly.com/forum...-and-suppliers or http://forum.shoppingtelly.com/forum...s-CVA-proposal
Rumour from Coming Soon to Virgin TV (2014) Thread:
Quote:
Originally Posted by RichardCoulter
Just heard a rumour that price-drop (741) and bid (745) are going to be removed by VM.
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18-03-2014, 14:25
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#2
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cf.mega poster
Join Date: Jan 2008
Posts: 10,687
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
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.
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18-03-2014, 14:38
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#3
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Got inside news - PM me
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
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.
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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
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18-03-2014, 14:48
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#4
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Media Boy
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
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Thought so, thanks for the info. MB
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18-03-2014, 16:58
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#5
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Grumpy Fecker
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Shopping channels must be a big risk to any service provider
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18-03-2014, 21:34
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#7
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Sirius
Shopping channels must be a big risk to any service provider 
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Shopping channels are a complete waste of a channel slot imo!
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18-03-2014, 22:43
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#8
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The Invisible Woman
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Mad Max
Shopping channels are a complete waste of a channel slot imo!
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Well better than yet another + channel full of repeats.I don't watch them myself but there are those who do and why should their interests not be accommodated.
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18-03-2014, 22:51
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#9
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Maggy J
Well better than yet another + channel full of repeats.I don't watch them myself but there are those who do and why should their interests not be accommodated.
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I agree with you on the +1 channels, it would be interesting to find out what the viewing figures were/are, i just wish Virgin would concentrate on more quality than quantity of channels, instead of more and more total rubbish! Apart from that, it was just my opinion in any case!
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19-03-2014, 12:20
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#10
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Rise above the players
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Mad Max
I agree with you on the +1 channels, it would be interesting to find out what the viewing figures were/are, i just wish Virgin would concentrate on more quality than quantity of channels, instead of more and more total rubbish! Apart from that, it was just my opinion in any case!
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With three tuners, if you want to make the most of your ability to record and watch programmes when you want, you need the +1 channels to avoid clashes.
As they are not stopping other channels from launching, I don't really understand the objection. Bandwidth is no longer a problem for Virgin Media.
I don't watch the shopping channels at all, but I recognise that some viewers are hooked on them, and also they bring in useful revenue for Virgin Media.
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19-03-2014, 14:04
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#11
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Do I care what you think
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
When in the UK +1 are a must - Thursday night is log jam for me.
Not a problem when back in BR
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19-03-2014, 17:15
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#12
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
I have only ever used a shopping channel many once years ago, but shopping channels can be useful, eg for the disabled. They have, however, taken a hit with the increased useage of the internet over the years.
I agree that +1 channels are useful for resolving recording clashes.
---------- Post added at 17:15 ---------- Previous post was at 17:14 ----------
Quote:
Originally Posted by Itshim
When in the UK +1 are a must - Thursday night is log jam for me.
Not a problem when back in BR
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How many tuners do you have in BR Itshim?
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19-03-2014, 19:33
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#13
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by Mad Max
I agree with you on the +1 channels, it would be interesting to find out what the viewing figures were/are
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Here you go
http://www.barb.co.uk/viewing/weekly...g-summary?_s=4
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20-03-2014, 11:15
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#14
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
Quote:
Originally Posted by spiderplant
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interesting site cheers for this spiderplant
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20-03-2014, 20:53
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#15
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cf.geek
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Re: Sit-up ask workers to take Price Drop to keep channels bidding.
I see from that site 5+24 is really pulling in the viewers!
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