Ownership
The company was headed by David Harvey, who also founded the original station and is based in Dublin.
In August 2007, Liberty Ventures, a subsidiary of Liberty Global, purchased a 35% stake in the company, saying that they were looking to expand the City Channel format to Central and Eastern Europe.
In January, 2010 it was announced that City Channel received €400,000 from its investors. The investment will be used to provide security for any difficult trading that may occur during 2010 for the channel, for a new joint venture with a UK partner and to help their fledgling production company city productions, which currently produces Xccelerate for 3e. It is hoped that such productions can be repeated on City Channel. City channel is the only Irish channel launched in 2006 which has not been through a "major trauma", Setanta Ireland having closed their UK channels, Channel 6 having been bought by TV3 and relaunched as 3e and Bubble Hits closing down.
In August 2011, City Channel announced they were in financial difficulties and were to begin to look to restructure their business. In September 2011, it was announced that City Channel will close. Towards the end David Harvey owned 45%, while 35% was owned by Liberty Global owners of UPC Ireland. The channel had hoped to be in the Black by 2008, however the economic climate in Ireland caused problems for the channel since 2009 with advertising sales plummeting by 50%. UPC will continue to broadcast the channel until its closure, and hopes to find a replacement for subscribers.
The channel ceased all operations on 13 March 2012, when the channel was replaced by RTÉ One +1 on the UPC Ireland EPG.
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