TALLINN — MTV Eesti declared bankruptcy in Harju County court Monday after its mother company MTV Networks Baltic canceled the company’s franchise license.

MTV Eesti, whose turnover in 2008 was more than 8 million krooni (€511,000) and had 10 people on payroll went out of business due to lack of interest from the mother company in Lithuania which decided to [private_supervisor]cancel the company’s license due its own difficulties. MTV Eesti also has 50,448 krooni (€3,200) in tax debt pending 2,016 krooni (€128) in interest.

MTV Eesti went off air in Nov. 2009, but negotiations continued between the network’s parent company, the Israeli media company Ananey Communications and creditors. Company press representative Ingrid Kohtla earlier said that the move was only temporary and didn’t mean that Estonian-language music television programming would disappear from screen permanently. However, that now appears to be case.

Attorney Lembit Ülper, representing MTV Eesti, said MTV Networks Baltic canceled the activity license because MTV Eesti’s hands were tied.

“As far as I know, the mother company located in Lithuania is also in difficulties, but it could have sold MTV Eesti or found another solution,” Ülper told Baltic Reports, “There could have been other options and solutions.”

Ülper said the company could pay salaries to its employees, and the debt had nothing to do with it.

“Every company has a tax debt in advance, it cannot be called as a debt,” said Ülper.

The company still owns office assets and has some money left in its bank accounts.

MTV Networks Baltic, which ran the MTV networks in the Baltics is run by the Ananey Communications, which bought the MTV franchise rights from MTV Networks International. MTV Eesti went off the air on Nov. 18, and MTV Lithuania and MTV Latvia followed suit Nov. 23. [/private_supervisor] [private_subscription 1 month]cancel the company’s license due its own difficulties. MTV Eesti also has 50,448 krooni (€3,200) in tax debt pending 2,016 krooni (€128) in interest.

MTV Eesti went off air in Nov. 2009, but negotiations continued between the network’s parent company, the Israeli media company Ananey Communications and creditors. Company press representative Ingrid Kohtla earlier said that the move was only temporary and didn’t mean that Estonian-language music television programming would disappear from screen permanently. However, that now appears to be case.

Attorney Lembit Ülper, representing MTV Eesti, said MTV Networks Baltic canceled the activity license because MTV Eesti’s hands were tied.

“As far as I know, the mother company located in Lithuania is also in difficulties, but it could have sold MTV Eesti or found another solution,” Ülper told Baltic Reports, “There could have been other options and solutions.”

Ülper said the company could pay salaries to its employees, and the debt had nothing to do with it.

“Every company has a tax debt in advance, it cannot be called as a debt,” said Ülper.

The company still owns office assets and has some money left in its bank accounts.

MTV Networks Baltic, which ran the MTV networks in the Baltics is run by Ananey Communications, which bought the MTV franchise rights from MTV Networks International. MTV Eesti went off the air on Nov. 18, and MTV Lithuania and MTV Latvia followed suit Nov. 23. [/private_subscription 1 month] [private_subscription 4 months]cancel the company’s license due its own difficulties. MTV Eesti also has 50,448 krooni (€3,200) in tax debt pending 2,016 krooni (€128) in interest.

MTV Eesti went off air in Nov. 2009, but negotiations continued between the network’s parent company, the Israeli media company Ananey Communications and creditors. Company press representative Ingrid Kohtla earlier said that the move was only temporary and didn’t mean that Estonian-language music television programming would disappear from screen permanently. However, that now appears to be case.

Attorney Lembit Ülper, representing MTV Eesti, said MTV Networks Baltic canceled the activity license because MTV Eesti’s hands were tied.

“As far as I know, the mother company located in Lithuania is also in difficulties, but it could have sold MTV Eesti or found another solution,” Ülper told Baltic Reports, “There could have been other options and solutions.”

Ülper said the company could pay salaries to its employees, and the debt had nothing to do with it.

“Every company has a tax debt in advance, it cannot be called as a debt,” said Ülper.

The company still owns office assets and has some money left in its bank accounts.

MTV Networks Baltic, which ran the MTV networks in the Baltics is run by Ananey Communications, which bought the MTV franchise rights from MTV Networks International. MTV Eesti went off the air on Nov. 18, and MTV Lithuania and MTV Latvia followed suit Nov. 23.[/private_subscription 4 months] [private_subscription 1 year]cancel the company’s license due its own difficulties. MTV Eesti also has 50,448 krooni (€3,200) in tax debt pending 2,016 krooni (€128) in interest.

MTV Eesti went off air in Nov. 2009, but negotiations continued between the network’s parent company, the Israeli media company Ananey Communications and creditors. Company press representative Ingrid Kohtla earlier said that the move was only temporary and didn’t mean that Estonian-language music television programming would disappear from screen permanently. However, that now appears to be case.

Attorney Lembit Ülper, representing MTV Eesti, said MTV Networks Baltic canceled the activity license because MTV Eesti’s hands were tied.

“As far as I know, the mother company located in Lithuania is also in difficulties, but it could have sold MTV Eesti or found another solution,” Ülper told Baltic Reports, “There could have been other options and solutions.”

Ülper said the company could pay salaries to its employees, and the debt had nothing to do with it.

“Every company has a tax debt in advance, it cannot be called as a debt,” said Ülper.

The company still owns office assets and has some money left in its bank accounts.

MTV Networks Baltic, which ran the MTV networks in the Baltics is run Ananey Communications, which bought the MTV franchise rights from MTV Networks International. MTV Eesti went off the air on Nov. 18, and MTV Lithuania and MTV Latvia followed suit Nov. 23.[/private_subscription 1 year]

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