Conus is shutting down All News Channel and satellite newsgatheri...
Conus is shutting down All News Channel and satellite newsgathering service as part of restructuring of business operation, CEO Terry O'Reilly said: “There have been fundamental changes in the local TV market which have made it financially impractical for…
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us to operate. We're closing most of our businesses, but we're continuing to have some active assets.” O'Reilly cited “consolidation and competition” as major factors in decision. Conus leases transponders from PanAmSat. “Local TV stations have fewer discretionary dollars to spend on services such as ours,” O'Reilly said: “We feel like we made a real contribution over the 18 years we were in business.” Closing news operation will affect about 100 broadcast stations and 165 employees. O'Reilly said Conus had “self-imposed limit” of 125 stations, which is small in comparison with CNN, which has nearly 700. RTNDA Pres. Barbara Cochran said: “I always hate to see another source for news close its doors. It’s useful to have a choice.” She agreed emergence of CNN, APTV, National News Service and major network consortia had hurt Conus, along with fact that each network had its own news field service.