Birmingham Local TV Ltd, variously known as City TV and City 8, was known to be struggling to meet its November 6 launch date.
Administrators Duff & Phelps said the station did not have sufficient funding to purchase the necessary studio equipment.
“BLTV was awarded the licence for Birmingham local television following a lengthy competitive process, overseen by Ofcom.
“Unfortunately, it would appear that, despite having demonstrated a comprehensive programming proposal, the company was unable to secure the necessary funding to get the project off the ground, having been awarded the licence,” said Duff & Phelps’ Matt Ingram.
It’s hoped the licence will be able to be transferred to a new licence holder. One of the interested groups is a consortium led by the broadcaster Esther Rantzen.
Last month London Live applied to Ofcom to scale back the amount of local content broadcast.