Liverpool to keep connection
Daily Mail & General Trust, which has invested more than $50 million in the channel over the four years it has operated. Won’t break even Julian Aston, Channel One’s managing director, said: “Our projected level of cable subscriptions will not enable Channel One to break even by the end of the present (10-year) license period so, sadly, the channel will stop transmitting this month.” Because Channel One Liverpool is a joint venture with publishing company Trinity Group, it will continue to broadcast for the time being. Due to relatively low consumer take-up of multichannel TV in the U.K., many niche channels have yet to turn a profit. Prior to Channel One’s retreat, the plugs were pulled on the kids channel TCC, Country Music Television, the Weather Channel and Sky Scottish.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!