A Brussels court declared Event TV Vlaanderen, the franchise holder operating the Flemish Liberty TV channel, bankrupt last Friday (April 15). The insolvency does not affect the French language channel with the same name, which is operated by a different company.
Following the court’s declaration, the distribution of the channel on the Belgian cable networks was also stopped. The channel enjoyed almost universal distribution in the country. The business model was based on commission on the sales of holiday trips realised by the broadcasters.
In 2008, the Dutch version of Liberty TV also stopped broadcasting after being declared bankrupt. In The Netherlands, the channel broadcast for a period of less than a year but was not able to generate enough income with its business model.
In a related development, the Luxembourg based channel Luxe TV has stopped its satellite broadcasts. The website of the channel currently says “we will be back soon”.