Urban Brew Studios CEO, Trish Taylor, said the current economic climate and the higher cost of programming contributed to the decision to close the channel. “Its viewers have been supportive, loyal and dedicated. They are the ones most affected by our decision. We thank our valued viewers, advertisers and the satellite platforms for their support over the past two and a half years.”
Kagiso Media group CEO, Mark Harris, explained that while this decision was not an easy one, it is in the best interest of the broader group. “We are in the business of making great television but we also have to make sure that the business models associated with channels and programming work for the broader group.”
Deputy group CEO Essack added, “We will continue to produce and supply our viewers and media partners with the best content and formats available, not just in Africa but across a global footprint.”
