Accountancy firm Deloitte has been appointed as administrator for the UK part of the business, which employs about 200 staff. They will now be made redundant.
Setanta Sports News, the company's joint venture with Virgin Media, will cease broadcasting at 6pm today. It is produced by ITN and employs about 60 staff. The broadcaster's other wholly owned channels, including Setanta Sports 1 and 2, are expected to go off air around the same time.
Horse racing television channel Racing UK today said it would become a stand-alone channel again once Setanta goes off air. The service teamed up with the Irish sports broadcaster in 2006 to offer a combined package of sports channels.
Racing UK's subscription rate will revert to its 2004 launch price of £20 a month. It said it also aimed to continue broadcasting on Sky channel 432, but would move to a new EPG number if necessary.
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