TV company Iberia has stopped broadcasting. The independent channel was closed due to the financial crisis.

The TV company Iberia says that the government has achieved its goal, as the channel actually ceases broadcasting.

All news and copyright programs are suspended on the channel, talk-shows are not going on air. As a result of the financial crisis, there is no elementary source of Iberia existence.

Iberia says that the TV company was forced to stop because they blocked the main source of financing - the Omega Group had problems and it was direct pressure on the TV company.

Nato Chkheidze, the founder of Omega Group and TV company Iberia, says that the fact that TV company stopped broadcasting will not benefit the government either.

Nato Chkheidze says that the legal battle continues in London.

Head of Iberia news service Vakhtang Khuzmiashvili says that the government has done everything to stop broadcasting.