Bid Shopping (sit-up TV) have gone into administration.
Their two shopping channels Shop At Bid and Price Drop have ceased broadcasting as of yesterday, Thursday 17th April.
Bid was rebranded as Shop At Bid last month but this wasn’t enough to save the company.
Retail Week reports “KPMG has been appointed administrator to the company… it will cease to trade with immediate effect, making 229 redundancies” and that KPMG says the collapse is due to “a significant and unexpected” fall in sales over the last month.
It’s not yet clear what will happen with the two Freeview slots the channels used to occupy, but they will likely be put back up for public sale.