Despite the review, no company lost its position as the local ITV contractor for their region and all licences were extended for another three years (starting July 1964), although several of the major companies were instructed to strengthen the regional emphasis of their on-screen identities. The only change to the network was the formation of a single Wales and West franchise, operated by TWW, following the collapse of WWN and its subsequent takeover by TWW. WWN ran into trouble when it had problems with the construction of its transmitter network, as well as strict provisions in its contract to produce a large amount of Welsh-language programming. This meant that WWN lost a lot of money and, despite some help from other ITV companies, it declared itself bankrupt on 26 January 1964 — the only ITV company to have ever done so.