GMG announces closure of Channel M due to Government's local TV plan
Channel M, the local television station for the North West, owned by Guardian Media Group, is to close after 12 years.
GMG has said that the decision to close the station came as it was unable to offer a commercially viable quality service within the Government's strategy to provide local television.
Stuart Taylor, chief executive of GMG Radio, commented; " We've been in a holding pattern with Channel M for two years awaiting the outcome of the government's future plans for local TV. Sadly, we don't feel they provide us with the framework needed to grow Channel M into a profitable business that delivers the quality service viewers and advertisers expect from GMG. I want to thank Channel M controller John Furlong and his team for all they have done through this difficult period."