News Corp CEO Rupert Murdoch, with one of his daughters and Rebekah Brooks, visit Borough Market, which officially re-opened today following the recent attack, in central London, Britain June 14, 2017.
REUTERS/Hannah McKayRupert Murdoch's News Corp (NWSA.O) has abandoned plans to launch a traditional TV news channel in Britain after deciding it was not commercially viable, an emailed memo to staff shows.
News Corp had been exploring opportunities in the TV market for content from News UK, its British newspaper publisher, over the past 18 months News UK Chief Executive Rebekah Brooks said in the memo.
It had hired David Rhodes, a former president of ViacomCBS (VIAC.O) owned CBS News, to consult on the process.
"We determined early on in that review that it was not commercially viable to launch a traditional news channel on linear TV," Brooks said.
Rupert Murdoch, Rebekah Brooks, Hannah McKay Rupert, David Rhodes, Brooks, Rhodes
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Borough, London, Britain