New news: Five pulls out of Project Canvas
Citing a pending review of its digital strategy, and that it was too hard to convince owner RTL of its value. Broadcaster Five is now no longer of the partners of the Project, who now number 6.
Ouch.
From this FT article:
“We are very disappointed but I don’t think anyone feels the fundamental strategic rationale [for Canvas] has been diminished,” said Richard Halton, programme director at Project Canvas. “We don’t think this changes the likely scale or impact of the platform.”
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