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SelecTV in $26m debt
A creditors meeting fo Pay TV operator SelecTV has revealed the company has $26m of debt.
- Published by David Knox
- on
- Filed under Subscription
A creditors meeting for Pay TV operator SelecTV yesterday has revealed the company has $26m of debt, The Daily Telegraph reports.
The satellite broadcaster, which entered voluntary administation last month, owes $12 million to the WIN Corporation.
It has just $1.5 million in assets.
CEO Andrew Gordon, the son of WIN Corporation owner Bruce Gordon, did not attend the meeting, instead being represented by WIN chief financial officer Daniel Collis.
Source: Daily Telegraph
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7 Responses
yeah, it was cheap if you had a satellite dish in your backyard.
Well said Steve.
@Steve Sports channels are optional on most (possibly all) providers these days.
Didn’t it only have 4 channels in different languages?
They certainly did provide competition. They were cheap, they provided the channels that I wanted, and I did not have to subsidise ridiculously expensive Australian sport channels that I didn’t want.
Not that selective tv really offered any competition.
What a shame. More competition in the Pay TV industry is always a good thing.