SelecTV hits 'off' switch on stake in Channel 1
Wednesday 01 June 1994
Associated will go it alone with the November launch of Channel One in London, following its successful franchise application in 1993. SelecTV had originally intended to hold a 20 per cent stake.
Associated yesterday signed a 10-year agreement with a consortium of cable companies that will carry the 24-hour news and entertainment station. It said Channel One would eventually be extended to other parts of the country.
SelecTV plans to set up its own cable station, the People's Channel. This is due to be launched across the country in January. Associated has an option to take a stake of up to 25 per cent.
Allan McKeown, SelecTV's chief executive, said Channel One now held less interest as the emphasis there had shifted towards news programming; SelecTV's strength is in comedy programmes such as Birds of a Feather. Mr McKeown said the People's Channel would cost pounds 6-7m to develop. Channel One's development costs are likely to exceed pounds 30m.
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 3 School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
- 4 Amy Schumer: 'I'm 160lbs and can catch a d**k any time I want'
- 5 Isis executes three gay men by dangling them from top of 100ft building and letting go
Amber Peat: Body found in search for missing 13-year-old who left house after argument with her parents
School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
Amy Schumer: 'I'm 160lbs and can catch a d**k any time I want'
Isis executes three gay men by dangling them from top of 100ft building and letting go
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...
£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...