[Stooky Bill]

I was about to ask - if the Box channels lose money, why have they been held on to for so long - but thinking about it, it's probably a case of them just recently (perhaps not yet but imminently) dipping below the line of profitability.

Yes that sounds about right, the exact wording is....
Proposing to close small linear channels that no longer deliver revenues or public value at scale, including the Box channels in 2024 and others at the right time

So the important words are 'no longer' and 'scale'. Sounds like they have been making money but less and less. And I'm not sure what the 'public value' of them is, there's certainly little public service broadcasting going on there, they're purely commercial.

I would have thought that they'd sell them if the right offer came along. They've always been partly separate from the main corporation and getting some money for them is more cost effective than winding them down