{"id":7267,"date":"2016-08-18T10:37:16","date_gmt":"2016-08-18T14:37:16","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/participant-shutting-down-pivot-tv-cable-network\/"},"modified":"2016-08-18T10:37:16","modified_gmt":"2016-08-18T14:37:16","slug":"participant-shutting-down-pivot-cable-network","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/participant-shutting-down-pivot-cable-network\/","title":{"rendered":"Participant Shutting Down Pivot Cable Network"},"content":{"rendered":"

BEVERLY HILLS: Participant Media is shifting its focus to content creation and social impact, and is exiting the business of owning and operating cable network Pivot.<\/p>\n

Participant said the decision to wind down Pivot is part of an overall reevaluation of the business. The network launched in August 2013 and has been targeting young adults 18 to 34.<\/p>\n

Participant Media’s CEO, David Linde, commented, \u201cAs the media landscape changes, we have been evaluating how we fulfill our mission to entertain and inspire social action around the world\u2019s most pressing issues. That process has led us to the decision to move away from owning and operating a cable network. While this conclusion was not an easy one, it is ultimately in the best interest of all our stakeholders, and allows us to allocate more resources toward the production of compelling content across all platforms.\u201d<\/p>\n

\u201cThere has never been a better time to be a creator of great content,\u201d continued\u00a0Linde. \u201cBy focusing squarely in that direction, Participant is positioning itself to take advantage of these trends.\u201d<\/p>\n

\u201cThis was a decision made over a lengthy period of analysis,\u201d said Linde. \u201cThe network\u2019s real achievements can be wholly attributed to the Pivot team, of whom we are incredibly proud. This very talented group\u2019s commitment to our broader mission has been absolute, and we are very grateful for their significant contributions to the organization.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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