No date set for end of TVN
Presenter Richard Callander (left) has been the face of TVN in Sydney
TVN shareholders have agreed to dissolve the board but a date to wind-up the racing broadcaster was not determined at a meeting on Thursday.
The Victorian and NSW shareholders of TVN met for the first time since Christmas in Sydney to work through the dissolution of the network.
Australian Turn Club boss and TVN director Darren Pearce said earlier this week the decision to disaggregate was the only decision available after two years of hard work without a result.
"We wanted it to succeed but ultimately it hasn't proven to be the case," Pearce said.
"Now we’re looking at the most sensible way to disaggregate and protect the reputations of TVN staff that have worked so hard to get us this far down the track."
Shareholders have agreed to honour all employment contracts, but the channel could be wound-up by as early as the end of the month.
Pearce said it was important to move quickly now that a decision had been made to dissolve the board.
"Nobody likes uncertainty and the board of TVN recognises that and they recognise they don’t want to lose customers through the transition."
The breakdown between TVN shareholders came to a head prior to Christmas, with a split between the two states on the direction that should be taken with the media rights.
