Television South were the IBA's choice to replace Southern in the South and South East. At first, TVS had to use portakabins in Southern's car park to plan for the 1982 launch. Southern eventually sold their studios and land in Maidstone to TVS. The new kids on the block ruffled a few feathers when they decided to challenge the big 5 franchises and make it the big 6. TVS acquired the USA TV company MTM in 1988, but this was a decision that would prove to be very costly as the USA syndication market collapsed. When it came to the next round of franchise bidding in 1991, TVS bid the highest amount of any of the franchise bidders - a massive £59 million a year. The ITC threw out the bid but never explained why. TVS went off the air on 31st December 1992, and was replaced by Meridian Broadcasting.