The very unwelcome news of more tv closures, was announced yesterday 5th May.
Some of the popular channels from Atresmedia are being forced to close within Spanish territory. Nearly 40 percent of the available free channels will no longer be broadcast. These include La Sexta, Siete, Nitro, Nueve, and AXN .
How this will affect the channels on Satellite is as yet unknown.
Further bad news, it was announced today in El Mundo, that TVE , having debts approaching 800 Million Euros , was nearing bankruptcy. TVE has been in mounting crisis since 2009, adding roughly 100 million debt each succeeding year. When the amount exceeds the 50% of stockholding mark, the association between government and TVE will dissolve . Whether this means Spains main public broadcaster will close is doubtful, but it will certainly mean that change will be enforced. Although it was previously decided that the directors would go and be replaced with a new board, last year, because of the political interests of the members of the board, this was never achieved, leaving TVE with no plan in place for change.
It is thought that the government will probably support TVE , with a further line of credit of nearly 120 Million Euros , whilst changes are made.