Thursday, November 03, 2011

Fox News North Officially A Money Loser

 The launch of new specialty cable networks, including Sun News and a new French-language sports channel, has pushed TVA Group Inc. (TVA.B-T10.01-0.18-1.77%) into the red.

[...]

The combined revenues of Sun TV and Sun News have dropped 86 per cent since the news channel launched in April.

[...]

He predicted the specialty channels would reach profitability in three to five years...

In three to five years Sun TV will be a fading memory, like a particularly ugly fart you smelt walking into an elevator.  Or Karl Peladeau's version of the National Post, a vanity publication kept afloat with personal money and by cannibalizing Quebecor's print publications.  I'm not sure which fate I prefer.  I still have piles of Ezra jokes I haven't used yet.

3 comments:

Steve V said...

"3-5 years" is investor code for "this dog may never work". I think stubborness will keep SunTV on the air, ideological commitment, not fundamentals.

pogge said...

Don't overlook its value as a distribution channel for wingnut welfare. Want to reward a loyal activist? Give him his own show for a year to two.

Holly Stick said...

I guess Kory Teneycke is still with it, though he's kept out of the news lately. I wonder if Donna Laframboise still hopes to get a job there bashing David Suzuki?

You've heard about her new book? Here's a couple of reactions:

http://mediamatters.org/blog/201111030015

http://nittygrittyscience.com/2011/11/03/an-open-letter-to-donna-laframboise-or-you-have-got-to-be-f-kidding-me/