Multicultural broadcaster Television and Radio Broadcasting Services Australia Pty Ltd (TARBS) ceased trading after receivers found no alternative but to close the business.<br /><br />PricewaterhouseCoopers Phil Carter and Martin Brown were appointed as receivers and managers of TARBS and associated companies on July 2.<br /><br />Mr Brown said the receivers had explored numerous options including seeking equity injections from the directors, but lack of available funds necessitated the close of the business on Wednesday.<br /><br />"The only option available is to sell the assets of TARBS," Mr Brown said.<br /><br />"We will seek expressions of interest over the next few days and once the sale of assets is complete the receivers will determine the employee entitlements," he said.<br /><br />TARBS is an Australian broadcasting services and Infrastructure Company using DTH (Direct-To-Home) satellite infrastructure as its primary delivery platform.<br /><br />Its programming rights presently extend to more than 50 multicultural television channels, 30 multicultural radio channels, nine core English channels and an adult channel.<br /><br />The age newspaper