From Sony’s statement:

Today we are announcing that we will shut down the PlayStation Vue service on January 30, 2020. Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected. Because of this, we have decided to remain focused on our core gaming business.

I’ve tried PSVue out a couple times, but ultimately ended up canceling the service due to their app not being the best on the Apple TV. That said, they had a lot of good features and a good lineup of channels for a much lower price than what standard cable companies offer. I currently have a subscription to YouTube TV and am very happy with it, so I can only hope what happened to Vue isn’t the beginning of a trend. I’d like to see this style of TV survive.