NRW.TV, the regional broadcaster covering German federal state North-Rhine Westphalia, has gone bankrupt.
The commercial broadcaster filed an application for the opening of insolvency proceedings at the district court or Düsseldorf. Düsseldorf-based solicitor Dirk Andres has been appointed the provisional insolvency administrator.
Andres is currently at NRW.TV to get an overview of the economic condition of the company which currently employs 17 people. “We will now initiate our discussions with all major parties involved,” he announced.
The company and the channel will continue operating unrestrictedly until further notice with transmissions remaining across the federal state on cable and as live-stream on the internet, according to Andres.
NRW.TV is the second regional broadcaster in North-Rhine Westphalia in financial trouble. Cologne-based metropolitan TV channel Köln.tv recently announced its closure on March 31, 2016.