Ten Alps Bob Geldof loses many Government of 10 million pounds per year for teachers

Shares in Sir Bob Geldof's production company Ten Alps yesterday plunged 37pc to 9.7p as the Government axed its ?10m-a-year contract to make Teachers TV.Sir Bob Geldof holds more than 3.5 m shares in the company of production ten Alps.

Annual Government contract is defined to be cut from April 2011 for the plans of the Government to reduce the dépenses.On believes contract had run in 2013, but a break clause was invoked.

The liberal-conservative Democrat coalition will unveil a comprehensive review of spending record October 20, seeks to reduce spending on average in departments by a quarter to tackle a budget deficit.

Geldof, who plays in the film of Pink Floyd 1982 the wall, who is known for the words, "we must not education", is Chairman of the Group and holds more than 3.5 m shares in the group.

Alex Connock, Chief Executive, said the new exit from the next day came, but the Group hoped to take on the project and to develop a subscription service.

"We had no warning at all the", said Mr. Connock. ""But our thinking has always should this day occur that go back and try to run on a subscription.

Mr. Connock said the company has a market capitalisation of £ 11.4 m, seek to adapt the project to the departments of education, individual users and courses universitaires.Enseignants TV, launched in 2005, is designed to help new teachers by providing training on how to conduct lessons materials and update known to teachers on changes to the programme.Il began life as a string of TV digital but turned into a site online in September and has about 400,000 registered users.

Trading update reveals that the Alps ten has "started a reorganization of its business to reduce overhead costs and simplify the company flow offers on the market" with directors should "do other ads."

Mr. Connock is supposed to be particularly eager to develop the service in other territoires.Dix sold the teachers TV format on the Canadian market and is reportedly to negotiate an agreement in Thailand.

Science online channel Newton TV is tested after a grant from the Northeast development agency.

Ten Alps shares fell by 65pc last year.


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