Someone else says it was focusing on their cable channel, which makes more sense to me (I didn’t know it existed).

It’s my understanding that pivot-to-video in terms of internet journalism has been a massive failure based on false Facebook metrics.

https://www.cjr.org/business_of_news/pivot-to-video.php

I’m happy if it means Dark Side of the Ring is spared, at least.

Sounds to me like they’re going to sell their journalism (studio) to other companies rather than release it themselves (distribution). Kinda like if Netflix created a TV show but then sold the streaming rights to Disney.