WIN TV-owned Pay Television broadcaster SeleTV has been placed into administration.
The satellite broadcaster SelecTV, headed by Andrew Gordon, son of WIN’s owner Bruce Gordon, went into voluntary administration last week.
Four years ago WIN seized control of the company in a $47m takeover and is understood to have sunk a further $10m into the company.
SelecTV launched in 2005 offering a mix of channels including drama, entertainment sports and language including channels for Greek, Italian and Spanish speaking communities. A gay-themed channel was also a short-lived venture.
In August, Fairfax Media reported the Bermuda-based media tycoon had “run out of patience” with the ailing business. English, Spanish and Italian subscriber audiences were sold off to other broadcasters.
A creditors meeting will be held in Sydney on Monday.