TiTV also stands to lose up to four million baht (US$12.7 million) in revenue from the change, mostly from advertising, predict media buyers.
Advertisers have been gradually reducing spend with the station since its troubles began in 2006, when it was taken over by the Government and renamed.
“Most media agencies have redirected spend to other channels,” said Narong Tresuchon, GM, OMD Thailand. “I’m worried about the content of TiTV’s programmes. Who’s going to finance it? Nobody will watch it if the programmes aren’t good.”
With one less platform to advertise on, airtime rates are set to rise, says Wannee Ruttanaphon, Chairman of Initiative. Channel 3 has announced that it will be increasing airtime rates by January. Channel 7 and others are expected to follow.