this post was submitted on 13 Aug 2026
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428
PBS broadcaster loses access to 50TB of data comprising 70 years of TV history after contracted cloud storage vendor goes defunct (current.org)
submitted 14 hours ago by beep@piefed.world to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1332594/pbs-broadcaster-loses-access-to-50tb-of-data-comprising-70-years-of-tv-history-after-con

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[โ€“] LodeMike@lemmy.today 31 points 11 hours ago (1 children)

And they had zero notice?

[โ€“] TheOctonaut@piefed.zip 5 points 5 hours ago

That's kind of how bankruptcy works. You can't give notice that you're going to be bankrupt. The moment you'd give notice of bankruptcy, everything would collapse anyway as lenders call in debts and customers cancel orders that are now in jeopardy.

Other statuses that exist are examinership (an outside appointee trying to save the company by any means) and receivership (probably the closest to what you'd like - the company is entrusted to a third party to try to pay its debts before it is wound up, usually trying to determine which debts to pay for the greater good, and which ones to default on).