Montreux Festival in crisis without TV

The end of the Swiss-German private broadcasters Tele 24 and TV 3 jeopardizes this year's "Festival du rire" in Montreux, which was one of the most important clients of the production company Grégoire Furrer Productions (GFP), which organized five other laughter festivals and was responsible for "Rob's Comedy Club" on TV 3. Recordings of the laughter festivals were sold to private TV stations. The disappearance of the two channels led to a 30% drop in turnover for GFP, as the company announced on Monday. It had to file for debt restructuring moratorium.