Teachers TV Service Takes A Huge Blow
£2 Million Wiped off Geldof's Share Value within 1 hour.
At a time when eduction is in the media spotlight in the UK, the board of directors and chairman at Ten Alps TV must think their world is crumbling beneath them.
Today the Cheif Executive of Ten Alps TV, Alex Connock, held a press conference to announce their dissapointment over a letter he recived only 24 hours before outlining that the British government had pulled the plug on Teacher TV, losing the firm nearly £10 million a year in revenue, and a sudden colapse in their share value.
This announcement came as a shocking blow to the owners of Ten Alps, one of them being Sir Bob Geldof.
After such a sudden knee jerk reaction, the shares in Ten Alps dropped nearly 35%, losing just over 0.05pence - leaving the boses searching for idea’s in how to keep the service running without the revenue from the UK Government.
Whilst being interviewed after the announcement, Sir Bob Geldof confirmed that he had just experienced nearly £2 million wiped off his shares for the media based company, yet still seemed to be pretty up beat about the whole process and saying: ‘this is the biggest shock we have ever experienced.
Ten Alps also confirmed that they wanted to keep the service going, so would look at making it into a subscription system whilst only serving the people who are on their list already. So should you wish to use the lido swimming pool before the close of the season, you will have every Tom, Dick and Harry drop in for a brew and a piece of cake.
