Dubai TV station said to be closing down

Staff at BinHendi-owned free-to-air City7 say operations are ceasing soon

Dubai-based TV station City7 is reportedly closing because of the slowdown in the market.

Staff at the privately owned free-to-air channel told the Associated Press that operations were ceasing soon.

City7 is owned by BinHendi Enterprises, which also has interests in fashion, trading, hospitality and retail. According to AP, there was no official statement from the owners.

It is the latest blow to the media industry in the GCC which has been hit hard by the impact of low oil prices on the economy.

Last year, Dubai newspaper 7Days closed down while it was reportedly earlier this week that the Abu Dhabi-based The National is cutting jobs.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

Posted by: OmarF

again this is only the tip of the ice berg.
many more companies are suffering. and many more will close down. (a lot are unannounced - 're-strategise' )

Posted by: jack sparrow

I agree with your comments. It's not like City7 was something ppl were glued to but this is just unfortunate when it comes to the overall socioeconomic environment.

All comments are subject to approval before appearing

Further reading

Features & Analysis
Virtue and Vice: The world according to Shane Smith

Virtue and Vice: The world according to Shane Smith

Vice Media co-founder and chief executive Shane Smith set a new...

The art of social media influencing

The art of social media influencing

As social media influencers increasingly demand attention in...

Digital dilemma: the future on advertising

Digital dilemma: the future on advertising

If you’re not advertising online these days, you’re not advertising...

Most Discussed
sponsoredTracking