The cull of zombie specialty channels, many of which trace their origins to a boom around 20 years ago, finally reached Bell Media, which has advised the CRTC it will shut down Fashion Television and Book Television as of Feb. 22.
The CRTC on Thursday responded by revoking the licences of Book Television and Fashion Television Channel as of that date.
Bell’s letters to the commission don’t provide any reasoning for the shutdowns, other than saying they will “cease operations.” But the business model for such channels has collapsed in recent years, as people adopt more custom TV packages and drop channels with no original content, like Cosmo, BBC Canada, G4 and many other similar channels.
According to financial statistics submitted to the CRTC, Book Television had lost more than half its revenue between 2015 and 2019 as the number of subscribers dropped and subscription fees dropped even more. It still had a healthy 40% profit margin, but with less than a million dollars in profit.
Similarly, Fashion had less than a quarter the total revenue in 2019 it had in 2015, and fewer than half the subscribers.
Neither channel has had any original programming in years and Bell has spent virtually no effort at all trying to promote them. Both reported spending $0 in Canadian programming in 2018-19. Book’s current programming is reruns of legal dramas JAG and Matlock, plus CTV shows The Amazing Race Canada, Cardinal, 19-2, Transplant and Saving Hope. Fashion’s is even more pointless, with reruns of Cash Cab, Comedy Now and Amazing Race Canada, none of which are known for having anything to do with fashion.
Both channels were originally licensed to CHUM in 2000, as part of a big wave of licences for new digital specialty channels, and were acquired by Bell when CTV acquired CHUM and Bell bought CTV.
Rogers killed G4 in 2017 and Viceland in 2018, while Corus killed Cosmo and IFC in 2019 and Bell got rid of Comedy Gold in 2017, so the big guys have cut off the low-hanging fruit already. But there remain a bunch of channels that don’t have much original programming that could be on the chopping block in the coming years, including Rogers’ OLN, Bell’s Discovery Science or MTV2, Corus’s Slice or DIY and Quebecor’s AddikTV or Moi&Cie, plus a bunch of channels owned by smaller companies.