Portuguese TV channel Economico TV, owned by New Media (part of Ongoing), has filed for insolvency, according to information published on the Citius portal, reports Jornal de Negocios. The creditors in the process are Lisgrafica and ST&SF. The decision comes after Ongoing Strategy Investments was declared insolvent in August, followed by liquidation in October. The company has a debt of EUR 1.2 billion. A 30-day deadline for claiming credits has been set.
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