The phrase "channel business" is correct and usable in written English.
It is used to refer to businesses that use distribution channels such as partnerships to increase sales. For example, "The company is looking to expand its channel business by partnering with local retailers."
The Euro Channel business park was created to promote such development.
But the channel business has been slowing significantly, Mr. Kenny said.
Time Warner's lucrative cable channel business includes TNT, TBS and HBO, home to shows including Game of Thrones.
The market is more crowded than ever with shows and will only grow more so as Web sites like YouTube begin to get into the video channel business.
These were paid for by stockbrokers in the hope that Gartmore would channel business in their direction, a practice known as "softing".
The agreement by Scripps and Cox Communications, which will maintain a 35percentt stake in the channel, underscored the value of the cable channel business.
It goes on to explain: "Our strategy up to 2020 will create a multi-channel business, trusted by consumers, produced in partnership with communities, and useful and high value in local lives and markets".
All have ventured into the cable-channel business, albeit with mixed results: when CBS launched its new Eye on People cable channel this spring, it was available only to 2m viewers nationwide, because few cable operators were prepared to make space for it.
Neil Berkett, chief executive of Virgin Media, added: "The sale of our channels business has generated substantial value.
"An international over-the-top [streaming on-demand] business that would fit into its channels business is hugely attractive.
The international side includes localized production in places like Russia and 120 channels; Sony's channels business is particularly strong on its home turf of Asia.
