The cable/online channel aimed at millennials, noteworthy for Joseph 
Gordon-Levitt's "HitRecord" and the acclaimed Australian gay sitcom "Please 
Like Me" is being taken off the air by the end of the air by its owner, 
Participant Media (now a part of Steven Spielberg's Amblin Ventures), as 
the current landscape is even more difficult for a channel not owned by 
Disney/CBS/NBCU/Time Warner/Discovery/Cablevision to make any sort of noise 
(just ask the owners of Current/Al Jazeera America):

http://www.thewrap.com/participant-shutting-down-pivot-tv-exclusive/

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