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German commercial TV broadcaster Deluxe Television has filed for insolvency at Munich's district court. "The reasons will not be commented on", the company said in a statement.
According to the statement, the team and management are convinced of the business idea and currently work intensely on giving the company a sustainable perspective for the future. Broadcasting and business operations will continue unchanged for the time being.
"We currently evaluate the files and look for investors prepared to give the company a chance, thereby securing operation of the channels in the long run," said preliminary insolvency administrator Axel W. Bierbach.
Deluxe Television operates free-to-air music channel Deluxe Music which launched in 2005, HD channel Deluxe Lounge HD and radio stations Deluxe Radio and Deluxe Lounge Radio.
According to the statement, the team and management are convinced of the business idea and currently work intensely on giving the company a sustainable perspective for the future. Broadcasting and business operations will continue unchanged for the time being.
"We currently evaluate the files and look for investors prepared to give the company a chance, thereby securing operation of the channels in the long run," said preliminary insolvency administrator Axel W. Bierbach.
Deluxe Television operates free-to-air music channel Deluxe Music which launched in 2005, HD channel Deluxe Lounge HD and radio stations Deluxe Radio and Deluxe Lounge Radio.