International kids network KidsCo is closing down following NBCUniversal’s move to buy all of preschool network Sprout.

The decision has been made to stop broadcasting the channel due to the “challenging” nature of the crowded kids TV channels business and “problems growing the net. “As a result, both shareholders – NBCUniversal and Corus Entertainment – have decided to discontinue the joint venture service by early 2014,” the partners added in a statement.

KidsCo, which is in more than 100 territories around the world, failed to launch in the UK and US markets

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Business, M&A