LONDON, March 5 (Reuters) - News UK, the British media
arm of the Murdoch family, will move its TalkTV channel online,
ditching its presence on linear television just two years after
a high-profile launch centred around its star presenter Piers
Morgan.
News UK, publisher of the Sun and the Times and owned by
News Corp ( NWSA ), told staff in a memo seen by Reuters that
the shift to online news consumption meant running a traditional
television channel no longer made economic sense.
TalkTV debuted in April 2022, aiming to create a "new voice"
in news and opinion, and competing against GB News, which had
launched the previous year to challenge what it said was the
London-centred consensus of the British media, led by the BBC.
"While linear TV has been a good marketing and awareness
window for Talk, we now need to focus our investment on where
the eyeballs are and where the revenues are in growth," News
UK's Scott Taunton, EVP, President of Broadcasting, told staff.
The closure of the linear TV operation shows the financial
challenge faced by traditional broadcast media as viewer numbers
slide, making for a tough advertising market.
News UK will take the channel off air in early summer to
focus on streaming, it said. The group declined to comment on
how many jobs could be lost as part of a restructuring process
which will now follow.