Intereconomia TV, the rather rabidly right wing private TV channel, went quietly under today, and ceased national transmission.
A brief comunique from the company said that it will only be available on terrestrial TV in the cities of Madrid and Valencia, although it continues to broadcast on the Movistar owend paid for IPTV service Imagenio.
It seems the plug was pulled after Julio Ariza, the owner of the channel, was unable to pay a 10 million euro bill for TV transmission to Net TV, the company that controls the frequencies it transmitted on. Sources reckon that Net TV could be owed as much as 20 million.
Intereconomia is mainly famous for it’s flagship programme el gato al agua (the cat to the water), a daily debate programme which tends to lend a ferociously right wing ear to the problem of the day.