TVNZ shuts down youth channel
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Save U Live host Rose Matafeo.
TVNZ is shutting down its youth channel and replacing it with a time-delayed broadcast of TV2.
The broadcaster said TVNZ U had run at a loss for two years and closing it was a commercial decision.
Chief executive Kevin Kenrick said the channel did not work financially.
"As it is,
the channel is a very lean operation and no significant savings can be made to address the shortfall.
"The team who worked on U have done a tremendous job."