Low ad revenue forces Las Vegas television station to close
The Greenspun Corporation’s small independent television station went off the air at midnight, citing a lack of advertising revenue as the reason for pulling the plug.
KTUD, which aired on Channel 25 and on the Cox Cable system’s Channel 14 as Vegas TV, had a history of financial struggles since it signed on as a low-power television station in 1999.
The station filed for Chapter 11 bankruptcy protection in 2010.
Most of the station’s time slots were devoted to syndicated shows and paid programming. Some KSNV Channel 3 news broadcasts also were simulcast on the channel.
The station is jointly owned by Greenspun Broadcasting, a subsidiary of The Greenspun Corporation, and a New York-based private equity fund. It’s a sister company of the Las Vegas Sun and VEGAS INC.
Paul Hamilton, president of The Greenspun Corporation, confirmed the closure late Thursday.
“Independent local television stations across the country are facing many challenges with audience and advertisers, and KTUD reflected the trends in the industry,” Hamilton said in an emailed statement. “We reached this point reluctantly and after an abundance of hard work. We want to thank the staff for all their efforts.”