Claims extracted
22
sentences that state something as happening or true
Uncertain
5%
1 of 22 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Specialist home shopping broadcast network TVSN has kept suppliers in the dark about its impending closure as it announces a shutdown sale beginning Tuesday after its parent company failed to find a buyer to keep the channel running.
asserted
company → keep → channel
TVSN, which has been free-to-air for over three decades and advertises hundreds of fashion, homewares and accessories through Seven Network’s channels as well as its own livestream, urged customers to stock up on Christmas gifts as the business prepares to wind up operations.
asserted
business → advertise → operations
“Direct Group, the owner of TVSN, has spent recent months seeking new investment or a buyer for the business.
asserted
Group → spend → business
Unfortunately, it has not been possible to secure a transaction that would allow TVSN to continue in its current form,” an email sent to customers on Sunday and Monday, seen by this masthead, said.
asserted
email → secure → masthead
“Absent finding such a buyer, the board expects to close TVSN.”
asserted
board → find → TVSN
A closing-down sale will begin on Tuesday to liquidate stock, but the sale will end if a buyer is found, the email continued.
asserted
email → close → stock
Customers were urged to use their gift cards, vouchers or store credit.
asserted
Customers → urge → cards
“We recommend shopping early as quantities are limited and there will be no restocks.
asserted
quantities → recommend → ?
Once it’s gone, it’s gone.”
asserted
it → go → ?
Two suppliers, who spoke to this masthead, said they were not directly informed of the closure and are owed thousands of dollars by the shopping network that they fear they will never get back.
asserted
they → speak → that
Alison Lennard, the owner of women’s fashion label Philosophy Australia, said TVSN was her biggest wholesale client and owed tens of thousands in unpaid invoices.
asserted
TVSN → say → invoices
I’m already feeling very volatile for my business plan going forward,” Lennard told this masthead.
asserted
Lennard → feel → masthead
“I have no idea whether there is any possibility of recovering that money, or even whether I’ll be able to access the stock of mine that they are currently holding.”
asserted
they → have → that
Over the past few months, TVSN has become slower at paying outstanding invoices.
asserted
TVSN → become → invoices
Despite that, it had attempted to place a fresh order just last week, she said.
asserted
she → attempt → order
“I don’t think I’ll end up getting anything out of them.
asserted
I → think → them
Apparently, the creditors’ list is going to be substantial,” she said.
asserted
she → go → ?
“To be honest, I feel sick.
asserted
I → feel → ?
It’s the worst news I could have received.”
uncertain
I → ’ → ?
TVSN, which has been airing since 1995, is owned by direct-to-consumer retailer Direct Group, which targets customers over 45 years old and also publishes Reader’s Digest Australia.
asserted
which → air → Australia
The two companies and Direct Group chairman and TVSN director Bernie Brookes, a former chief executive of Myer, were contacted for comment.
asserted
companies → contact → comment
The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion.
asserted
newsletter → deliver → stories
The Aporia
