The Market is correcting. We are seeing the death of third-tier general rerun channels, such as Esquire and Cloo. Some of this is that simply everybody who wants to watch the shows has taken the 10000 previous opertunites to see them before they fall down to these channels (and there is less and less "new" material coming down to these channels as the networks have less and less actual filmed shows every year), some of it is the "binge watching" of shows off the internet, and some of it are the .2 networks that ply the same tired rerun waters and are FREE.
The story here is that, not that long ago, channels did not just go away. The owners "repurposed" the slots for new ideas hopeing to find something that stuck (for example, Cloo can trace itself back to the Trio Channel, which started as a way to bring Canadian TV series to US audiences (and was pretty good, IMHO) and then a "pop-culture-TV" theme (which stank, IMHO), before becoming Sleuth than Cloo. Now they just shut em down.
In four or five years we will have 8 to 10 less "linear" channels as more of these general rerun efforts die out.