About a week or 2 old but i just noticed that Q-TV that was recently part of the Curve TV package on SelecTV was no longer on there website or on there transponders so done abit of googling and found there gone bankrupt<br /><br />Source : http://news.yahoo.com/s/po/20060526/co_po/gaytvnetworkgoesdarkatlast <br /><br />Gay TV network goes dark at last <br />Fri May 26, 4:25 PM ET<br /> <br /><br /><br />SUMMARY: Q Television Network announces it will file for bankruptcy and officially ends transmission; ex-workers are unsurprised and investors are angry. <br /><br />ADVERTISEMENT<br /> <br />After lingering on life support for months and fueled by promises that solvency was just around the corner, the Q Television Network officially ended transmission Thursday.<br /><br />Q Television CEO Lloyd Fan announced that funding would not come and that the network would be unable to meet its financial obligations and would commence bankruptcy proceedings.<br /><br /><br />"When I took over control of the network on March 7, 2006, the company was roughly $7 million behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees," Fan said in a prepared statement Thursday. "The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network."<br /><br /><br />Firestone Communications, Q's master control center in Fort Worth, had for several months been sending a dwindling number of cable stations around the country a continuous loop of old programming. But Firestone had been in dispute with the network for months over nonpayment. The signal officially ceased Thursday at 5:30 p.m. Central time, QTV's statement said. <br /><br /><br />Fan said he would launch a full forensic accounting but did not provide details. It was unclear Friday whether bankruptcy would be filed under Chapter Nine, which would allow the company to reform at a later date, or under Chapter 11, which would offer no chance of reorganizing.<br /><br /><br />The demise of the network, a wholly owned subsidiary of Triangle Multimedia, leaves two LGBT stations in the country: here! TV and Logo, which is owned by MTV.<br /><br /><br />Many insiders say QTV's downhill slide started soon after its inception. At its peak, the digital channel reached about 3 million U.S. homes, but relied heavily on large and small investors to stay afloat. After several large investors fell through, then-President Frank Olsen laid off most of the staff Feb. 1, promising to rehire them when the network climbed out of the red.<br /><br /><br />In March, Fan replaced Olsen as chairman and CEO and vowed to locate new investors, but in late April he told a pared-down production staff that the company could not meet payroll for the month and that the network would air only reruns. Though Fan again made promises of 11th-hour funding, remaining contract workers left.<br /><br /><br />QTV's demise did not shock former employees. Chris Flynn, a former Q Television technical director and backup director, drove past the Burbank headquarters 10 days ago and found that the QTV sign had been removed. Former colleagues told him that the network had been liquidating its equipment.<br /><br /><br />"Q's signal had been killed bit by bit, market by market, for weeks," Flynn said. "Time Warner had been pulling Q off for the past week."<br /><br /><br />Q Television is a wholly owned subsidiary of Triangle Multi-Media Ltd., which is listed on the OTC Bulletin Board with the symbol QBID. Shares in the company have been trading at less than a penny per share for months, according to WallStreetNewscast.com.<br /><br /><br />Triangle also claims to own a salvage and liquidation company known as Liquidation by Satellite. In September, Triangle announced an intent to acquire a elecommunications company in New Orleans that had been damaged by Hurricane Katrina.<br /><br /><br />Plenty of outrage at Thursday's announcement was expressed on the Triangle Multi-Media thread of the investorshub.com Web site. Many questioned how to recover tens of millions of dollars that Q had not accounted for. Others slammed Fan and Olsen and even compared them to Enron leaders Jeff Skilling and Kenneth Lay, convicted of securities fraud the same day.<br /><br /><br />Poster ltesprit wrote, "Seeing Olsen prosecuted is the best we'll get. It's not illegal to be a lousy businessman. It is illegal to lie to creditors and investors."<br /><br /><br />"From the time I arrived at Q last September, we were told that everything was fine, but the picture I saw was there was no money for anything," Flynn said. "A few times, I had to buy the crew food and water with my own money and didn't get reimbursed."<br /><br /><br />Contract workers and employees, many still unpaid for a month or more of work, hold little hope of ever seeing their money, said Vanessa Mayer, a former QTV graphics generator and liaison between workers and state labor officials.<br /><br /><br />"We learned a wicked lesson to be wary about committing to a startup company, especially when it's unclear where their money is coming from," Mayer said. She expressed anger at management, and especially Olsen, for misleading employees.<br /><br />"He said 'keep on going, everything is going great' when it wasn't, so I do a parallel to Enron here," she said. "But Frank (Olsen) is too slippery to be prosecuted. It is hard to believe that, legally, this can happen with no immediate action and the bad guys can get away with it."<br /><br /><br />Source : http://www.365gay.com/Newscon06/05/052506qtv.htm<br /><br />Gay TV Network Goes Black<br />by Matt Johns, 365Gay.com Los Angeles Bureau <br /><br />May 25, 2006 - 3:00 pm ET <br /><br />(Los Angeles, California) The slow lingering death of gay television network Q-TV came to an end Thursday with an announcement from the company that it had terminated transmission.<br /><br />Lloyd Fan, the white knight brought in to sort out the troubled network's finances, announced Thursday that he had been unable to secure funding for the network and therefore unable to meet the financial obligations of the company. <br /><br />"When I took over control of the network on March 7, 2006, the company was roughly 7 million dollars behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees," Fan said in a statement. <br /><br />"The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network." <br /><br />Fan's statement said, "Given the GLBT demographic and the success the network had experienced in distribution, I thought securing funding would be easy -- I was wrong. I am deeply disappointed that the network failed. Many talented people devoted themselves to saving the network."<br /><br />When he took over the network Fan fired the board of directors, founder Frank Olsen, the company's chief operating officer and its chief financial officer.<br /><br />In February Q-TV laid off all of its contract employees, ended most live programming and said it was "retooling". Fan closed the network's Los Angeles headquarters and had been broadcasting reruns from a rented control room in Texas.<br /><br />Fan said that a full forensic accounting and bankruptcy proceedings will follow but did not give details.<br /><br />At its highpoint the digital channel reached about 3 million homes in the U.S.<br /><br />The closure leaves two remaining LGBT stations in the country - here! TV, a pay per view network and cable channel Logo, owned by MTV Networks.<br /><br /><br />http://www.gay.com/news/article.html?2006/05/26/1