Sinclair Broadcast Group (SBGI +0.3%) is shuttering video news website Circa, calling it a difficult decision.
The company had paid less than $1M for Circa's assets in 2015 with plans to relaunch what had been an app focused on short-form news.
"The digital space continues to change rapidly, and even larger outlets have faced significant challenges," Sinclair said in a statement. "As a smaller publisher, the environment is even more onerous, and while we see new business and storytelling opportunities with digital video and OTT, they do not require the daily publishing of a website."
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