What's new

Satellite TV News German youth channel joiz back on its feet

Tube10000

The Mangler
Special Friend
Messages
17,342
Joined
Oct 13, 2014
Reaction score
1,696
Points
728
German youth channel joiz back on its feet
German interactive youth TV channel joiz has almost completed its reorganisation, secured its financial backing and will remain on air.

The creditors have unanimously given their consent to the restructuring plan, according to joiz Germany.

As a new shareholder, German media group M. DuMont Schauberg has initially acquired a 20% stake in the channel with an option to increase its shareholding to 35%.

Britta Schewe has been appointed the new co-CEO alongside Alexander Mazzara. Schewe has been working as head of content distribution & sales at the channel since its launch in Germany. The 36-old will head the day to day operations of the 30 staff members at the headquarter in Berlin.

The free-to-air channel ran into financial difficulties due to high distribution and staff costs and low advertising revenues.
 

Top Bottom