[Submitted via press release]
NEW CHANNEL STRUCTURE RESULTS IN LOSS OF TWO TOPTV-PACKAGED CHANNELSAs TopTV continues to operate under the business rescue plan, announced in October 2012, it has become necessary to review the pay-TV operator’s current channel line-up and make certain adjustments in the interim period.
The effect of this is that two of the TopTV channels, Top Movies +24 and Top Junior, will be discontinued with effect from midnight on Wednesday, 17 April.
TopTV regrets the timing of this change to its channel make-up but, due to operational reasons, it has become necessary to prepare for a proposed new channel structure.
TopTV is currently in negotiations with a prospective investor and more details regarding this issue will be made public in the coming weeks. These talks are at an advanced stage and should they reach finality, a much-needed cash injection will be made into the operation that could result in a restructure of the business and the channels that are currently on offer.
TopTV would like to take this opportunity to thank its loyal subscribers for their continuous support over this trying period in the company’s history, as it awaits confirmation of new developments for an exciting new future for the pay-TV operator.