Premium Rate Phone-In Software Firm Eckoh In Early Takeover Talks
By Dianne See Morrison - Fri 21 Dec 2007 05:46 AM PST
Voice recognition telco firm Eckoh, one of the companies behind the recent premium rate call-TV scandals, said on Friday it had received a number of approaches for a possible takeover, and was in early discussions with one particular party, Reuters reports.
Eckoh’s revenues were hit hard in recent earnings reports following the implosion of the premium-rate phone in market, brought on by scandals where viewers were told to call in to vote on a competition—long after a winner or finalist had already been chosen. Ofcom recently fined Channel 4 £1.5 million, after it was discovered that some of its shows, such as the Richard & Judy show had breached phone-in competition rules for its “You Say We Pay” phone-in quiz earlier this year. Eckoh, itself, has already been fined £150,000 by premium rate phone regulator PhonepayPlus (formerly ICSTIS) for its involvement. Channel 4 is now planning on suing Eckoh, whom it blames for failing to bring the unlawful practice to their attention.
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