[cma-l] Sheffield TV channel hits launch funding target

[Jaqui Devereux]

Fantastic news. Can't wait for my city to have its own channel,  really
looking forward to the next Board meeting!

Jaqui
On 15 Aug 2014 11:17, "Steve Buckley" <sbuckley at gn.apc.org> wrote:

> http://www.sheffieldlive.org/tv-channel-hits-launch-funding-target/
>
> Sheffield Live TV, the local television channel for Sheffield, has
> achieved its launch fundraising target – with over 100 supporters applying
> to become “community shareholders”.
>
> Sheffield Community Media Ltd, a new community benefit society which owns
> Sheffield Live TV, has raised £160,000 through community shares and social
> investment commitments: nearly £10,000 more than its target.
>
> The crowdfunding initiative to put Sheffield’s local TV channel into
> community ownership is the first of its kind in the UK media sector
> enabling Sheffield people, businesses and voluntary organisations to
> participate as investors in a society to support local community media.
>
> In the last 7 days of fundraising, nearly £20,000 was generated, taking
> the campaign over the target it needed to achieve by 14 August. Over 100
> individuals, businesses and voluntary organisations have each applied for
> between £100 and £20,000 worth of community shares. The cash will be used
> to purchase equipment and complete studio facilities for public access and
> independent production. Sheffield Community Media intends to pay its
> community shareholders a modest rate of interest.
>
> The new TV channel will broadcast on Freeview Channel 8, Virgin Cable, and
> the internet. Once on air, from 23 September, it will benefit from revenue
> via a contract to supply news to the BBC – as well as local and national
> advertising and sponsorship. The channel will collaborate with existing
> community radio station, Sheffield Live!, which has been broadcasting via
> FM for nearly seven years.
>
> Sheffield Live TV will broadcast news about Sheffield alongside programmes
> covering Sheffield music, sport, culture and much more. It promises unique,
> high quality content, “Made in Sheffield, Made by you.” A flagship daily
> news programme will cover Sheffield news in depth while other programmes
> will cover Sheffield’s “rich, varied, and diverse”  music, events, culture,
> arts, and sports.
>
> Steve Buckley, the Chair of the new TV channel and a director of Sheffield
> Community Media, said:
>
> “We are delighted that so many Sheffield people and organisations have
> shown their support for Sheffield Live TV and community-owned media by
> applying for community shares. We’d like to thank them for their support
> and we look forward to their involvement in the channel.  We are in the
> final phase of our planning to launch Sheffield Live TV which will be
> locally owned and run for community benefit.  We aim to develop a
> multimedia news service and to deliver original, locally-made programming,
> reflecting the interests and talent of Sheffield people and communities.”
>
> Further information
>
> Sheffield Community Media Ltd has raised £90,000 in community share
> applications and pledges from 114 individuals and businesses and a further
> £70,000 in social investment loans from the Key Fund, a community
> development finance institution.
>
> Sheffield Community Media Ltd is a society for the benefit of the
> community incorporated under the Industrial and Provident Societies Act
> 1965. Registered with the Financial Conduct Authority. Registration No:
> 31727R. Registered address: 15 Paternoster Row, Sheffield, S1 2BX
>
>
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