TARBS World TV was an AustralianSubscriptionTelevision Service, broadcasting predominantly ethnic (and mainly non-English) stations into Australia. TARBS commenced operations in 1995 and had around 57,000 subscribers until July 2004 when the company went into receivership.
TARBS in Receivership
In July 2004, PanAmSat a major creditor of TARBS applied to have the organisation placed into receivership due to a failure to pay their satellite transponder lease payments.
This action was while PanAmSat was briefly controlled by News Corporation, which was a major investor in TARBS' main competitor Foxtel.
PanAmSat purchased a large number of the assets including the customers Set Top Boxes from the receiver (PriceWaterhouseCoopers) in 2005 and authorised a competing subscription television provider to access and use the boxes already installed in ex-customers homes.