The debts of the failed music channel MTV Baltics now look unlikely to be settled, according to Irmanatas Malinauskas, of the appointed administrator Valeksa.
Quoted in VZ, he added there is only just enough money to cover the administrative costs of bankruptcy, with debts now amounting to over LTL10 million (€2.89 million).
MTV Baltics was launched in September 2006 and went off the air in November 2009. It was operated by the Israeli company Ananey Communications.
