TV sales house DMS wound up

LONDON - TV sales house Digital Media Sales has gone into voluntary liquidation.

DMS: TV sales house goes into voluntary liquidation
DMS: TV sales house goes into voluntary liquidation

Four of Digital Media Sales’ 13 sales contracts have expired and the company is reviewing the future of these deals. The company’s remaining nine sales contracts will be sold by Digital Media Sales Europe, a new company owned and set up by DMS owner John de Napoli.

De Napoli, managing director of DMS and DMS Europe, said all channels had been paid any outstanding monies owed by DMS: Every channel has been paid regularly on time and all [contract] departures are down to contracts expiring. We had to liquidate to protect the channels – which isn’t an easy thing to do. Agencies are paying up even slower and we just ran out of cash.

The 14 members of staff at Digital Media Sales, set up in 2002, are transferring to DMS Europe. The digital outdoor company, DMS Outdoor also owned by De Napoli, continues to operate as a separate company.

Become a member of Campaign from just £77 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk , plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content