Hmm. Would that mean Sky News as we know it vanishing?
I don't see why it would, CNN still exists alongside CNN International, BBC World with BBC News Channel etc.
It's been a bit of a trend over the last couple of decades for domestic news broadcasters to launch international news channels... but I don't think any of them have been commercial, all state/public service broadcasters.
I do wonder though if its a bit late for an international news TV channel, not only are there are so many but aren't they just a bit old fashioned these days?