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Sun News Network shuts down after buyer fails to materialize


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sun-news-network-shuts-down.htmlToronto Star‎ :

No on-air announcement was made as the screen went dark and was replaced moments later with the Sun TV logo.

Feb. 13 2015

 

 

 

The Sun News Network went off the air Friday morning after negotiations to sell the troubled television channel were unsuccessful. No on-air announcement was made as the screen went dark and was replaced moments later with the Sun TV logo.

 

The closure of the conservative-angled news channel follows months of uncertainty surrounding its fate, after Postmedia Network Canada Corp. announced plans to purchase the Sun Media newspapers and websites from Quebecor for $316 million. The Sun News channel was not included in the deal, which sparked outsiders to suggest the network could fold after years of struggling in the ratings.

 

In a news release to coincide with the early-morning shutdown, Sun Media Corp. said it spent months actively seeking a potential buyer. But it said “no party capable of taking over the channel was found” and that in view of the financial losses “there was no alternative to closing Sun News.”

 

(Snip)

 

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