Udaya News to shut shop in October 2017
Sun TV Network has confirmed the same in a mandatory filing before the Labour Department
Come October 24, one of the oldest news channels in Kannada, Udaya News, will shut shop, according to a mandatory filing before the Labour Department by Sun TV Network that runs the channel. Udaya News started 19 years ago.
The statement of reasons says, “We have been operating Udaya News division for the last 19 years and have made substantial investments in building the news business in Karnataka. Despite our best efforts, the news division has been incurring substantial losses over the past couple of years.”
Also, the viewership share of Udaya News is relatively low and that has further worsened the situation. “Considering the above, we are compelled to close down Udaya News for business reasons as we are not able to justify the insurmountable losses which have been accumulated and which it continues to incur,” said the filing.
Udaya News has failed to compete with the slew of news channels that have started over the last few years. Speaking of Kannada news channels, according to BARC week 32 data, TV 9 tops the TRP charts followed by Public TV and Suvarna News.
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