Lebedev's London Live TV channel closes after decade of mounting losses
Briefly

London Live launched to much fanfare in 2014 but, despite initial optimism and significant funding, has succumbed to financial losses exceeding £30 million, leading to its closure in 2023.
Critics labeled the idea of sustainable local TV in London as unrealistic, and despite claims of profitability, London Live struggled, with recent accounts revealing a 75% plunge in profits.
Read at www.theguardian.com
[
|
]