Rupert Murdoch's TalkTV Shifts to Streaming After Sustained Losses
TalkTV has ceased broadcasting on linear television, moving to a streaming model following losses exceeding £90 million.
- TalkTV, owned by Rupert Murdoch's News UK, reported losses of over £90 million before transitioning to a streaming-only model.
- The channel struggled with low viewership and was unable to compete with rival GB News, leading to its decision to stop linear broadcasting.
- Piers Morgan announced his departure from TalkTV to focus on his YouTube channel, citing the constraints of fixed TV schedules.
- News UK's other broadcasting outlets, including TalkRadio and Times Radio, remained profitable, contrasting with the losses incurred by TalkTV.
- The Sun newspaper also faced significant losses, primarily due to costs associated with the phone-hacking scandal, totaling £66 million last year.