Tag #Media Bankruptcy

What were the direct consequences of Ilkem Sahin's failure to invest in Rhein-Main TV, and what is the significance of the broadcaster's closure for the Hessen region?

Rhein-Main TV, a German regional broadcaster, ceased operations after its second insolvency in months. The broadcaster, acquired by Turkish businessman Ilkem Sahin in April 2023, failed to receive promised investments, resulting in unpaid bills, staff shortages, and ultimately, closure. Approximately 800,000 viewers watched daily before the shutdown.