IS
Companies like that don't just 'go out of business'. If it's problems got very bad then it would call in the administrators to help sort it out and to protect it until it can be wound up and or sold off.
What would happen to channel 3? would there operate it as a going concern but if that is the case then many of the show would have to be pulled to Save costs big time. and could slots now be filled with muisc? that may be the cheaper options. where would half the shows go?
Say if it went into administration tomorrow and there was no chance of saving it as a whole... then the assets would be sold off. Programmes it makes are assets and the more popular ones would find buyers - Coronation Street for example.
As for what goes on air, who knows. It would most likely continue business as usual until it was sold on or until it stopped trading in which case it would be blank screens. Unlike when ITV companies disappeared off air in the past (either because they gave up their license early or when there were strikes) there is no IBA/ITA to take over.... they're on their own.
The nearest thing to that scenario is when ITV Digital went off air - it just went off air and I'd have thought that in the same circumstances ITV in England and Wales would too, although what would happen to the other 3 ITV companies I have no idea.
In reality someone would at least take over the licenses, even after switchover they're still valuable slots. I'd have thought that Ofcom would have to make some serious concessions to the new owners though
I dare say some one would buy the stations or would the divide the company in two and sell it off that way London operations and southern place and Machester of the northern operates ( may included leeds)
If the company was broken up and sold off the administrators would sell off assets according to what they could find buyers for. It would be very unlikely to be sold off in an artificial north/south split.
The licenses themselves are assets... as long as they aren't handed back or taken away for a serious breach by Ofcom. But say if ITV has serious problems and couldn't continue broadcasting, there's a very good chance that they would be in breach of their licenses and would get them taken away which of course would make it's biggest assets worthless!
623058 posted:
Over the past couple of days i have been wondering
What if ITV PLC went out of business, or even administration?
What if ITV PLC went out of business, or even administration?
Companies like that don't just 'go out of business'. If it's problems got very bad then it would call in the administrators to help sort it out and to protect it until it can be wound up and or sold off.
Quote:
What would happen to channel 3? would there operate it as a going concern but if that is the case then many of the show would have to be pulled to Save costs big time. and could slots now be filled with muisc? that may be the cheaper options. where would half the shows go?
Say if it went into administration tomorrow and there was no chance of saving it as a whole... then the assets would be sold off. Programmes it makes are assets and the more popular ones would find buyers - Coronation Street for example.
As for what goes on air, who knows. It would most likely continue business as usual until it was sold on or until it stopped trading in which case it would be blank screens. Unlike when ITV companies disappeared off air in the past (either because they gave up their license early or when there were strikes) there is no IBA/ITA to take over.... they're on their own.
The nearest thing to that scenario is when ITV Digital went off air - it just went off air and I'd have thought that in the same circumstances ITV in England and Wales would too, although what would happen to the other 3 ITV companies I have no idea.
In reality someone would at least take over the licenses, even after switchover they're still valuable slots. I'd have thought that Ofcom would have to make some serious concessions to the new owners though
Quote:
I dare say some one would buy the stations or would the divide the company in two and sell it off that way London operations and southern place and Machester of the northern operates ( may included leeds)
If the company was broken up and sold off the administrators would sell off assets according to what they could find buyers for. It would be very unlikely to be sold off in an artificial north/south split.
The licenses themselves are assets... as long as they aren't handed back or taken away for a serious breach by Ofcom. But say if ITV has serious problems and couldn't continue broadcasting, there's a very good chance that they would be in breach of their licenses and would get them taken away which of course would make it's biggest assets worthless!