This is very disappointing. I haven't had access to Sky TV for a few years, but when I did this was one of my favourite channels. I have many good memories of it over the last ten years.
I have always hoped that Mediaworks might consider an adult contemporary music channel to sit alongside The Edge TV on Freeview. Sure, it wouldn't pick up a huge audience, but it would be cheap to run and it could replace one of those awful shopping channels on their mux.