City Channel “Suspends Operations”

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From City Channel’s Judy Gilroy (above) this afternoon:

City Channel
Thanks Bibi Baskin Robbins

Update: A Statement from Dave Harvey at City Channel:

Hello all,

I gather Judy Gilroy’s e-mail to you all this afternoon has caused a flurry of activity on the internet and twitter re: City Channel.

For the record, here is the position:

City Channel remains in business – our channels remain on air. The company is currently involved in a strategic review of its operations and a number of people have been let go as we examine a number of options for the business and it’s future – this is something which has been happening over the last number of weeks. We have been in discussion with a number of parties with a view to their considering an investment or some sort of trade sale arrangement. These talks are ongoing.

These are difficult times for all media businesses and despite the fact that our company has made significant savings to its cost base and has continued to develop new revenue streams, the continuing recession has meant that we are constantly fighting for a small share of an ever decreasing advertising and sponsorship market.

Many thanks, David Harvey.

 

 

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