When the internet TV service Philo led by CEO Andrew McCollum launched in November 2017, it had the cheapest pay-TV bundle on the market in the US. For $16 per month, people could buy a smattering of 45 entertainment TV channels, such as AMC, HGTV, Food Network, MTV and Comedy Central, and add on a small collection of other networks for an extra $4 per month. A year-and-a-half later, the streaming TV company still has one of the most affordable options for live TV services in the U.S. but is being forced to scrap its least expensive offering.
