The broadcaster is understood to be in the midst of a review about the future positioning of its three TV channels. Five Life is expected to be the most affected, with a name change for the channel currently under consideration.
Sources close to the broadcaster said Five Life could be repositioned as a general entertainment channel.
Five Life launched in October 2006 featuring pre-school strand Milkshake! as well as drama, films, soaps and lifestyle programming skewed towards a female audience.
Five declined to comment.
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