5-hour Energy founder shuts down TV stations.

Manoj Bhargava, the founder of 5-hour Energy, has shut down the television news network, NewsNet, which he acquired in 2022. The network, along with a sports television news network, was permanently closed due to a lack of dedicated audience. Bhargava stated that they believed people would want to watch a clean, non-biased news network, but they were wrong. The closure resulted in the layoffs of 80 employees. Bhargava remains involved in multiple lawsuits related to his attempts to acquire the majority stake in the parent company of Sports Illustrated. [Extracted from the article]

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