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

[Phil Shepherd]

Sheffield TV channel hits launch funding target

Congratulations Steve and to the Sheffield Live team - it's a great
achievement to have got this far, very best wishes for the future.

Phil
Somerset Film


On 15/08/2014 11:16, "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 ³community shareholders².
> 
> 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 Sheffield¹s
> 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, ³Made in Sheffield,
> Made by you.² A flagship daily news programme
> will cover Sheffield news in depth while other
> programmes will cover Sheffield¹s ³rich, varied,
> and diverse²  music, events, culture, arts, and sports.
> 
> Steve Buckley, the Chair of the new TV channel
> and a director of Sheffield Community Media, said:
> 
> ³We 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. We¹d 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.²
> 
> 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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