Sale
Following a sale in In November 2006, Ostrich Media became wholly owned by iTouch. Reports suggested the reasons for the sale included:
- the fact that Ostrich's QuizCall channel was not performing to expectations
- fears that the subsidiary might damage the Channel 4 brand
- a pending investigation of participation TV by the regulator Ofcom and a desire by Channel 4 not to appear too aggressively commercial ahead of an Ofcom review into public aervice broadcasting.
- a desire by Channel 4 to free the spectrum that it occupied on Freeview for other purposes.
Consequently, whilst the sale included QuizCall's space on Sky Digital, Channel 4 retained the space the channel had used on Freeview. As a result of the loss of space, QuizCall stopped broadcasting 24-hours per day on Freeview on 15 November 2006.
Following the sale, a review of the channel saw its broadcast hours reduced to accommodate an expected drop in viewers when the channel lost its 24-hour DTT space. A significant number of freelance presenters ceased working for the channel due to the reduction in broadcast time. The company was managed at the time by Director-General of Green Media LTD, Nathan Bond.
Read more about this topic: Ostrich Media
Famous quotes containing the word sale:
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)