According to The New Zealand Herald, 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." TVNZ U's hosts … [Read more...] about TVNZ shuts down youth channel