Media Lab forces €35m write-off

THE Government yesterday said it will be forced to write off €35 million of its investment in Media Lab Europe (MLE), the digital media research centre that was the centrepiece of the Digital Hub project.

The board of MLE announced yesterday that the company was going into voluntary liquidation, after the two partners behind the project the Government and the Massachusetts Institute of Technology could not reach agreement on future funding models.

MLE was established in 2000 as the flagship project of the Digital Hub.