Money Channel finds new owners
PricewaterhouseCoopers has finalised the sale of the beleaguered broadcaster Money Channel to Digital Interactive Productions for an undisclosed sum.
The move followed the appointment of PwC’s Michael Gercke as administrator of Wapping-based Money Channel in May.
Gercke said: ‘Several offers were received. After a period of negotiations, I’m very pleased to announce the successful completion of the sale to Digital Interactive Productions.’
Jayne Bassham of Digital Interactive Productions said: ‘These unique studios will support the production of fully interactive television programming, offering editing, recording and interactive television playout facilities.’
The Money Channel was formed in January 1999 to broadcast consumer orientated financial programmes on cable, satellite and internet mediums.