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Why are so many literary prizes closing?

Why are so many literary prizes closing?
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Costa Book Awards Ends After 50 Years

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Abrupt End to U.K.' s Costa Awards

In a surprise announcement June 10, Costa Coffee announced it was immediately ending its support for the second most prestigious book award after the Booker in the U.K. and Ireland. ....

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Costa Book Awards to end as sponsorship finishes

Costa Coffee says it has taken the "difficult decision" to end sponsorship of the literary prize. ....

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Costa Book Awards to end after 50 years

The cafe chain pulls plug on annual literature prizes, and there are no plans for it to be taken over by a new sponsor ....

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