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Read this: Local broadcaster Made TV seeks £5m in funding - Media - theguardian.com

Summary: Made TV, which counts former Emap chief executive Tom Moloney as a director, has sent out an information memorandum to prospective investors seeking 5m in funding ahead of the expected launch of the channels in early 2014. The 38-page investment memorandum, which has been seen by MediaGuardian, forecasts profits of 5.6m on revenue of 13.8m by its fifth year of operations. Made TV reckons it will make almost 2m from local TV ads in its first year, rising to 8.3m in year five, with other revenues from areas including sponsorship, product placement and offering channel management. - theguardian.com

Read full article: www.theguardian.com link icon  Local broadcaster Made TV seeks £5m i…



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