Tech
Half of Rapture put up for sale
Published Wednesday, Sep 17 2003, 15:30 BST | By Neil Wilkes
The owners of clubbing channel Rapture TV have put 52% of the business up for sale less than four months after it was relaunched on Sky.
David Henry bought the assets of the digital station from UBM in April of last year at a knock-down price, then spent a further year developing the channel and recruiting staff for the relaunch.
This week's Broadcastreports that he is now in talks with a number of interested parties - including venture capitalists, publishers and other broadcasters - about selling stakes in the company.
It is believed that monies raised will be used to develop more original programming and launch spinoffs such as Rapture Travel and Rapture Magazine.
David Henry bought the assets of the digital station from UBM in April of last year at a knock-down price, then spent a further year developing the channel and recruiting staff for the relaunch.
This week's Broadcastreports that he is now in talks with a number of interested parties - including venture capitalists, publishers and other broadcasters - about selling stakes in the company.
It is believed that monies raised will be used to develop more original programming and launch spinoffs such as Rapture Travel and Rapture Magazine.
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