The Russian cable operator Akado has ceased its cooperation with VKT (‘Your Commercial Television’), one of the country’s longest-established independent broadcasters.
According to Kommersant, VKT had total debts of over R27 billion (€476.3 million) as of last year and is facing claims from a number of its creditors.
However, it has so far avoided bankruptcy.
Interestingly, Akado and VKT have a common co-owner in the shape of Renova Media, backed by Yuri Pripachkin and Viktor Vekselberg.
VKT says that Akado is no longer carrying it due to the ban on advertising on cable and DTH channels that comes into effect at the beginning of 2015.