Udaya News has decided to shut shop soon due to loss

Udaya News, the first television channel to step into Kannada journalism, has decided to shut shop due to "insurmountable losses” accumulated over time and continued losses.

In a letter attached to an application filed with Department of Labour, the company said it has made substantial investments in "building news business in the Karnataka market”.

"We have been operating Udaya News division for 19...

Udaya News has decided to shut shop soon due to loss