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Sitara TV Channel Closed Completely

Sitara Channel, a unit of Asianet is closed down completely today. The channel employees were given 4 months salary at a time and discharged everyone. The channel has been running into huge losses and the TRP was not at all picking up despite many measures were taken. Finally it was shut down today.

As per the sources, many other channels are also gong to shut down shortly and there is heavy threat for many becoming unemployed.

The mushroomed channels are finding it very difficulty to survive. As the Real Estate is also dull, many channel owners those invested huge sums on lands are seen helpless now as there is none to buy them. Almost 21 Telugu channels are functioning right now among which many are running in losses. 

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