Teletext has announced that due to lack of investment and commercial success, its internet site and digital cable services will cease operating, resulting in around 45 redundancies.
In a statement issued today, the Daily Mail & General Trust owned company, said that although the teletext.co.uk website has attracted audiences of several hundred thousand monthly users, it does not see a realistic prospect of it delivering an acceptable return and will therefore be switched off by August.
Similarly, Teletext claimed that “walled garden” cable services do not show potential for sufficient commercial gains, blaming “lack of growth and investment in the platform itself” as the principal reason for the sectors failure.
The company also hinted that sections of its Scottish operations could be next to face the axe, claiming to be “reviewing the way in which news and sport is delivered for Scottish viewers to ensure its audience continues to receive a high quality service in the most cost efficient manner.”
The company stated that the Teletext Holiday brand will continue as is, and will be present on all of the company’s platforms and via its teletextholidays.co.uk website as well as being available via Teletext Holidays TV.
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