“It’s no longer viable. The fixed costs exceed the revenues,” said founder and managing director Thomas Madersbacher, according to a report by Austrian newspaper Der Standard. “The future perspective for linear music television for a young target audience is no longer sufficiently given.”
Gotv launched on October 1, 2002, broadcasting via cable, the Astra satellite system (19.2° East), domestic TV platform simpliTV and the web.
“Our company will continue to exist for productions. But we have decided with a heavy heart to stop broadcasting,” said Madersbacher.