I'm just surprised they lasted that long. They really didn't manage to get a good enough audience share to get more advertisers, and thus, funding.
The only few handful of advertisers they got (I think only San Miguel corporation?) got a lot of advertisements, even getting whole chunks of programming time, which "cheapened" the channel's appeal to me. Kung nag-iisa na lang ang nag-aadvertise sa isang channel, the entire channel would just seem to be a propaganda arm for that company--rightly or wrongly.
Still, they had a good run, despite the obvious financial problems.