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TalkTV's £140m Losses Highlight Struggles in UK Media Landscape

Rupert Murdoch's TalkTV ceased terrestrial broadcasting in 2024 after failing to attract viewers, with cumulative losses mounting and Piers Morgan transitioning to YouTube.

Sun Youtube page and Times homepage after redesign
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Overview

  • TalkTV incurred £50m in losses in the year leading up to June 2024, bringing its total losses since launch in 2022 to approximately £140m.
  • The channel ceased terrestrial broadcasting in March 2024, transitioning to an online-only platform and implementing significant job cuts to reduce costs.
  • Piers Morgan, the channel’s flagship presenter, left News UK in January 2025 to focus on his YouTube show, maintaining a revenue-sharing agreement with News UK.
  • News UK’s other ventures, including Times Radio, TalkSport, and The Times, reported profitability, contrasting with TalkTV's financial challenges.
  • News Group Newspapers, publisher of The Sun, reduced its losses to £18m in 2024, aided by declining legal costs from the phone-hacking scandal, which has cost over £1.2bn to date.