Are you saying that news services aren't profitable?

Answer

The cost of programming content is rising fast and competition for our audiences is growing at a rapid rate which is putting our revenue under pressure as advertisers look at other alternatives. The cost of operating hundreds of transmission towers across vast areas of Australia is also significant. Therefore, there are very few options to reduce costs to offset the challenges we are facing.

Regrettably, local news services are a major cost that can be reduced if there are no other options and that is why these closures and cutbacks occur.