BusinessBusiness RecoveryLATEST: Plug pulled on ITV Digital

LATEST: Plug pulled on ITV Digital

The plug will be pulled tonight (Tuesday) on all the pay-tv services at ITV Digital after administrators failed in a last-ditch attempt to sell the collapsed broadcaster.

Now the administrators will try to get the best deal for the remaining assets of the company, but they will have to give back the company’s licences to the Independent Television Commission.

At the same time, it is understood that 900 staff will lose their jobs at ITV Digital’s call centre.

In the meantime, subscribers will still be able to receive free-to-air stations, such as ITV2 and BBC4.

Nick Dargan, one of the administrators from Deloitte & Touche, said: ‘We have made strenuous efforts initially to restructure the cost base and latterly to sell the business and assets but unfortunately there is no appetite in the market for a preservation of the business as a going concern.’

It is understood the ITC will issue invitations to re-tender the licences tomorrow (Wednesday).

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