OUTtv goes bankrupt?
Oh, we were going to take the world by storm, weren't we? We were wealthy, obsessed with ourselves and ready to buy into our own TV station. Ha. Canada's queer television channel has suffered yet another setback.
Xtra reports that "
Shaw Communications, a western cable and satellite company, had obtained a judgment allowing it to seize OUTtv's cable subscription revenues." Uhm, that would be a sizable chunk of cashflow, since
OUTtv doesn't seem to be very advertising-heavy, eh.
"On Jan 12, the gay cable channel submitted a Notice Of Intention (NOI) to file a proposal for restructuring under Canada's Bankruptcy And Insolvency Act. The notice allows OUTtv to protect itself and its subscription revenue.
"Bill Craig, the president of OUTtv, says the channel and its more sex-oriented sibling Hard On Pridevision, are struggling to build their business and Shaw's actions were potentially disastrous.... According to Craig, Shaw is claiming OUTtv owes $25,000 a month for providing a feed to cable stations across Canada from their satellite service StarChoice. Shaw did not respond to Xtra by press time."