The removal of loss-making TV activities will allow investment in these businesses to accelerate," Stewart said.ĭMGT partly blamed the media regulator Ofcom for the closure of the service. Teletext, owned by the Daily Mail's parent company, Daily Mail & General Trust, is available on ITV, Channel 4, Channel Five and some Sky and Freeview channels.ĭMGT said Teletext Holidays, which is broadcast on Freeview, would continue, as would the increasingly profitable Teletext web operation, which includes .uk, .uk and .uk.
Stewart said Teletext's TV news and information operation had been making a loss for three years. "The continued fragmentation of television audiences and the boom in online use for news, information and commercial services have contributed to a significant reduction in Teletext's viewing figures." "We investigated and researched every means to keep the news service going, but in the end we couldn't find a viable option," said Mike Stewart, the group managing director at Teletext. The BBC has run a similar Ceefax service since 1974. When Teletext launched in 1993 it replaced the ITV-run Oracle, which started in 1974 and provided news, sport and weather information, as well as TV schedules. It will switch off in January, putting 70 jobs at risk. In a time Light years before the internet revolution, Teletext's clunky, often derided, television text news service reigned supreme as the interactive experience of choice in UK households.īut time has finally caught up and the core news service will disappear from TV screens after 17 years, a victim of declining profits and the internet, although other branches will continue.
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