21st Century Fox Inc. on Tuesday said it’s decided to stop broadcasting its cable news channel Fox News in the U.K. The company said that after 15 years of airing a feed of the channel on a network owned by European broadcaster Sky PLC , the service wasn’t making money for the company. “[21st Century Fox] has decided to cease providing a feed of Fox News Channel in the U.K.,” the company wrote in a statement. “Fox News is focused on the U.S. market and is designed for a U.S. audience and, accordingly, it averages only a few thousand viewers across the day in the U.K. We have concluded that it is not in our commercial interest to continue providing Fox News in the U.K.” Fox News-parent 21st Century Fox and MarketWatch-parent News Corp. share common ownership. The decision to remove the channel in the UK comes as Fox awaits a regulatory decision on its $15 billion takeover bid for the 61% of Sky it doesn’t own. Sources reportedly told the newspaper the Guardian that the Fox News termination was not related to the regulatory matter. Shares of Fox have declined about 3% in 2017, while the S&P 500 index is up 9%.
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