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Originally Posted by 1andrew1
GB News have burnt through £60m in 18 months. They've got another £60m but their right-wing populist stance is not finding favour with advertisers. How long will the extra £60m last them and what happens afterwards?
Although Talk TV has splashed the cash for Morgan and not got the viewers it has hoped for, it has lower costs as it is not a stand-alone business. And Morgan's fees include a book and newspaper columns too.
My money's on Talk TV for the long term if News Corp is happy to continue cross-subsidising it.
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Does no one bother to read news articles properly anymore?
No they have not burned through £60 million at all, £60 million was to keep them going for three years. Discovery has walked away only because of them merging with Warner Bros, their investment being bought out by its existing backers, with an “additional” £60 million funding.