The channel originally operated on a shoestring but quickly gained a reputation for journalistic integrity. Although the channel has reportedly run at a loss for much of its history its award-winning journalism has brought Sky Television and its successor British Sky Broadcasting some much-needed prestige. Today Sky News continues to maintain an impressive standard of journalism in the face of tough competition. It is undoubtedly the inspiration for Fox News, with which it sometimes exchanges material.
Main competitors are BBC News 24 and the ITV News Channel