Service $20 million in debt
LONDON — Tara TV, the niche cable and satellite channel that broadcasts Irish programming in the U.K., is closing down.The service, a joint venture set up in 1997 between United Pan-Europe Communications (80%) and Irish pubcaster RTE (20%), has accumulated £14 million ($20 million) in debt and is expected to shutter in April. RTE said it regretted the closure, but that “there was no viable business plan for the future.”
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