Brazil’s biggest main income source, the Mainstream Stream (PES), is facing a crisis of legitimacy.
The main stream, which comprises of most of the nation’s TV broadcasters, is struggling to pay their bills and is losing money, while other broadcasters are struggling to attract viewers and generate revenue.
This week, a judge in the state of Minas Gerais said the PES had to suspend operations to pay its bills.
Brazilian broadcaster Globo is the biggest TV provider in the country, but it is struggling financially.
It has not seen a profit since September and has been on a downward spiral for the past year.
Globo lost an estimated $1.6 million last year.
The company said in a statement on Wednesday that it had been forced to lay off about 50 employees and had to cut back on its programming.
The news comes just a week after Globo filed for bankruptcy protection, claiming that it owes $2.5 billion in debt.
Globo’s creditors include investors and government funds.
The ruling is likely to further weaken the Pespans ability to pay creditors.
The main stream is also facing pressure from a new law passed in June that makes it easier for the Pes to take over state broadcasters, including Globo.
The law is expected to boost the number of state broadcasters in the next two years.
In a statement, Globo said the current law was a political and financial tool and that it will be removed from the statute book by 2020.
The main source of revenue for the main stream in Brazil is the public broadcaster, TV Estado, which is owned by the government.
TV Estados Unidos, or TVE, has a large audience, but also relies heavily on advertising and government subsidies.
In the past, the state has been criticized for not paying its bills properly.
The PES is not the only one facing financial difficulties.
The state-run Brazilian Broadcasting Union, or BRU, has also struggled financially.
In May, the BRU said it had lost $2 billion in the past 12 months, while it had a $2 million shortfall in its accounts.