Monitor Television Fades to Black

The Christian Science church, $235 million poorer, drops an experiment

THE FIRST CHURCH OF CHRIST, SCIENTIST, GOT OUT of the cable-television business after running up $235 million in losses over seven years. Shutdown costs -- including severance packages for the 400 employees of Monitor Television who were laid off -- will run another $45 million. While church officials search for a buyer for the cable operation, the Monitor Channel will broadcast reruns. The channel managed to attract about 4 million subscribers before its demise, a bantamweight entry in the cable ring compared with the likes of the Discovery Channel, which has upwards of 57 million homes.

The television fiasco has triggered...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!