Complex sentence: Gems TV is expected to expand its TV line in Asia, however In May 2008 an announcement was made to staff in Gems TV's German operation that it was to be closed down, the credit crunch has apparently taken its toll on this European channel.
Split into simpler sentences: Gems TV is expected to expand its TV line in Asia, however In May 2008 an announcement was made to staff in Gems TV's German operation that it was to be closed down. The credit crunch has apparently taken its toll on this European channel.