London Live is, for want of a better word, live. Following launches of live television stations in Grimsby and Norwich, the capital saw the launch of the country's first 24-hour local television station. It was met with mixed reviews with The Guardian reporting that it offered nothing last night that would convince anyone that it was what the capital has been missing all these years. It is backed by the owner of The Evening Standard, Evgeny Lebedev, and plans to break even within three years.