Your Money, the joint venture channel between Nine Network and Sky News Australia, is to cease transmission on 17 May.
The closure of the channel, which launched only last October and replaced Sky News Business, comes after the recent demise of the joint venture’s stand alone website, with online content now being published on News Corp properties.
Your Money, with Sky News Australia’s ownership by News Corp, became an awkward partnership after the merger of Nine and News Corp rival Fairfax late last year. The channel was operated largely by Sky News but had free-to-air spectrum via Nine and revenue was split between them.
It is not clear yet what will replace the Your Money channel on either Foxtel (channel 601) or Nine (channel 95) platforms. Staff at Your Money will potentially be redeployed within Nine or News Corp businesses.
Source: Australian Financial Review, Mumbrella