Farmington Hills-based "NewsNet" shuts down
Posted: Fri Aug 02, 2024 7:07 pm
Reported in the BuzzBoard "Northern Lower Michigan/Eastern U.P." Forum but pertinent to this Region.
Farmington Hills-Based NewsNet Shuts down.
From
Crain's Detroit Business (paywall)
5-Hour Energy founder shuts down news network he bought 2 years ago, laying off 80
Metro Detroit businessman Manoj Bhargava has shut down the television news network for which he once had big plans after just two years of ownership.
[...]
The company announced Friday that both networks (news & sports) would shut down permanently, resulting in the layoffs of 80 employees.
[...]
A lack of dedicated audience was the reason for the ceasing of operations, according to Bhargava.
_______
NewsNet was not carried on local cable, was available OTA on WHNE ch. 3 which is not able to be received by most viewers in this market. Article says he had 150 diginet station affiliation, was on 35 streaming services, and had an App.
Never ever saw any promotion of any kind, so seems like building a "dedicated audience" wasn't happening.
Farmington Hills-Based NewsNet Shuts down.
From
Crain's Detroit Business (paywall)
5-Hour Energy founder shuts down news network he bought 2 years ago, laying off 80
Metro Detroit businessman Manoj Bhargava has shut down the television news network for which he once had big plans after just two years of ownership.
[...]
The company announced Friday that both networks (news & sports) would shut down permanently, resulting in the layoffs of 80 employees.
[...]
A lack of dedicated audience was the reason for the ceasing of operations, according to Bhargava.
_______
NewsNet was not carried on local cable, was available OTA on WHNE ch. 3 which is not able to be received by most viewers in this market. Article says he had 150 diginet station affiliation, was on 35 streaming services, and had an App.
Never ever saw any promotion of any kind, so seems like building a "dedicated audience" wasn't happening.