how true is this, apparenly they have some issues to settle with their creditors PanAmSat!!!!!

That would make a few people happy but is it? Haaaaaaa!!! only time will tell, are there some skeletons in the closet?? me know nothing.<br />Phil<br /> <br /> <small>[ 03. July 2004, 01:08 PM: Message edited by: P Debono ]</small>

AUSTRALIA'S only ethnic pay-TV broadcaster, TARBS World TV, yesterday became the first pay-TV provider to fall into receivership since industry pioneer Australis Media in 1997.<br /><br />The Australian understands that TARBS creditor PanAmSat, which provides worldwide satellite services to the Sydney-based business, appointed PricewaterhouseCoopers as receivers yesterday.<br /><br />The move follows a dispute between TARBS and PanAmSat over fees paid to the satellite group. A company spokesman confirmed the receivership but said TARBS was confident of resolving the dispute.<br /><br />Company founder Mike Boulos was not available for comment yesterday. He was in the Philippines, where TARBS launched its latest TV service just two days ago.<br /><br />The TARBS signal remains on air while the receiver reviews the business.<br /><br />It is not clear how much TARBS owes its creditors but the business is fully funded with no debt.<br /><br />TARBS, with a staff of about 200 people, provides a 65-channel, multi-language satellite pay-TV service to about 50,000 subscribers.<br /><br />It was established in 1995 as Television & Radio Broadcasting Services Australia by Egyptian-Australian businessman Mr Boulos and media executive and practitioner Regina Leviste-Boulos.<br /><br />In 2003, it was renamed TARBS World TV "to better reflect its core service of multicultural TV and radio".<br /><br />The company has also expanded worldwide, setting up regional headquarters and satellite facilities in Greece and the US.<br /><br />Australis, which operated under the Galaxy brand, failed in 1997. Many of its assets, and subscribers, were picked up by rivals Foxtel and Optus. <br /><br />SOURCE <br /><br />from Auspaytv Forum

Strange<br />TARBS in receivership but starting new Transponders on another satellite Intelsat 701 for the new Fiji service.<br />They started testing today how could they be going broke and spending on a new service.<br />confusing??????

Only time will tell, You all could get a shock.

i hope its a good shock !!! as in more channels or lower pricese or even a second box for less then the first but not a shock like sorry we are closing down and you won;t get to see your spanish channels any more!!!

Just to clear up a few things . . . .<br /><br />The service Was broadcast to aprox 55000 subscribers<br /><br />The service MAY return if debt is recovered <br /><br />The debt is to the tune of 40M Aus.<br /><br />TARBS states its confindent in resolving the disputes.<br /><br />Just a quick thought... If this guy Mr Bolous is launching TARBS in the philipines - a much poorer country with less profits, im sure he is loaded with money.<br /><br />and Uruguay .. u can wach spanish programs on c31 in sydney if u liv there... (that should be up in january)