On July 3rd, after 27 years broadcasting, financial difficulties forced the local station Télé Toulouse (TLT) to close down. In fact on the same day the commercial court in Toulouse had ordered TLT’s liquidation with immediate effect.
Founded in 1988, TLT was one of the oldest national local channels. For several years, it had been trying to balance its books. In November 2008 it was declared bankrupt but the creation of a redundancy plan to down-size the workforce enabled it to continue. That was not enough, however: ratings and advertising revenues were too low. The channel has not managed to reduce its debt, so the screen remains black.
Sources: tvmag.lefigaro.fr, cbnews.fr et teleobs.nouvelobs.com
