Setanta in trouble?

Posted by On October 06, 2009 0 Comment

Setanta Sports has ceased accepting new subscribers to its subscription based broadcasting. BT Vision has also stopped accepting new users. It continues to broadcast at the current time while talks are underway in an attempt to secure a rescue package.

Talks are currently underway to try and secure more funding for Setanta. BSkyB have refused a £50 million lifeline that would save Setanta, they are currently looking at other ways to secure the needed funding.

Virgin Media, who also broadcast Setanta channels on the cable network are “monitoring” the current situation closely.

Source: http://news.bbc.co.uk/1/hi/business/8092595.stm