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Birmingham local TV firm City TV in administration | Birmingham local TV firm City TV in administration |
(about 4 hours later) | |
Birmingham's City TV has gone into administration, without having broadcast any programmes. | Birmingham's City TV has gone into administration, without having broadcast any programmes. |
The company was one of several around the UK awarded a licence to provide local digital television programmes. | The company was one of several around the UK awarded a licence to provide local digital television programmes. |
Its licence was granted in 2012 and the channel would have served 1.2 million households in the Birmingham area. | Its licence was granted in 2012 and the channel would have served 1.2 million households in the Birmingham area. |
It had until November to start broadcasting but did not have studio premises or equipment, having been unable to secure sufficient financing. | It had until November to start broadcasting but did not have studio premises or equipment, having been unable to secure sufficient financing. |
Administrator Duff & Phelps said the firm, also known as BLTV, would work with Ofcom to transfer the licence and return funds to creditors. | Administrator Duff & Phelps said the firm, also known as BLTV, would work with Ofcom to transfer the licence and return funds to creditors. |
BBC funding | |
Matt Ingram, joint administrator, said: "BLTV was awarded the licence for Birmingham local television following a lengthy competitive process, overseen by Ofcom. | Matt Ingram, joint administrator, said: "BLTV was awarded the licence for Birmingham local television following a lengthy competitive process, overseen by Ofcom. |
"Unfortunately, it would appear that despite having demonstrated a comprehensive programming proposal, the company was unable to secure the necessary funding to get the project off the ground, having been awarded the licence. | "Unfortunately, it would appear that despite having demonstrated a comprehensive programming proposal, the company was unable to secure the necessary funding to get the project off the ground, having been awarded the licence. |
"We are aware of considerable interest from a number of local television operators in continuing with the Birmingham area opportunity and we are already engaging with them, and Ofcom, to secure a successful transfer of the licence." | "We are aware of considerable interest from a number of local television operators in continuing with the Birmingham area opportunity and we are already engaging with them, and Ofcom, to secure a successful transfer of the licence." |
Ofcom initially received 57 bids to run the channels in the UK. | |
The first of a total of 19 licences were awarded to Brighton and Grimsby in September 2012. | |
As part of the current licence fee settlement, the BBC agreed to contribute up to £25m for the successful bidder to build the network. |
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