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Hope For Irish Setanta

 

Updated : Jun 25, 2009

Administrators have moved into troubled sports broadcaster Setanta, but there are fresh hopes that the Irish side of the company may be saved from closure.

The Irish firm's British channels were turned off at 6pm and replaced with a message telling viewers that the company had "ceased trading in Great Britain".

Deloitte, which has been appointed administrator, said Setanta's international and Ireland businesses will stay on air while a buyer is sought.

There is some hope for the sports giant's Setanta Sports Ireland, which employs 160 locally, and Setanta Sports International, which has 50 staff.

Deloitte has agreed to let those two businesses remain as "going concerns" in the hope that buyers can be found.

Liberty Global, the Colorado-listed parent company of Irish cable TV providers NTL and Chorus, has revealed it is interested in acquiring Setanta Sports' Irish business, which was yesterday put up for sale following the collapse of its sister operation in Britain.

Shane O'Neill, Liberty's Irish-born chief strategy officer, said: "We would be interested in the Irish side of the business. We like the channel and it's liked by our customers."

Liberty is a shareholder in City Channel, a Dublin-based TV station founded by broadcaster David Harvey. It also owns sports channels in the Netherlands, and central and eastern Europe.

 

 

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