Will my Satellite 5.8 be able to work with content after May 2020 ?

Solution In Progress - Updated -

Issue

Satellite 5.8 is going EOL in May 2020.

Does this mean, it will be impossible to consume content (updates, errata) from Red Hat via Satellite 5.8? Will it be still possible to manage hosts? Will it be possible to work with custom channels?

Environment

Satellite 5.8

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