Liverpool to keep connection

LONDON — Channel One, the cable TV channel specializing in local news, is shutting down its London and Bristol operations, leaving only the Liverpool service up and running.

Channel One is parented by the newspaper group 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.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0