The operation targeting the station's Ramallah offices was the latest attempt to silence Palestinian broadcasters.
The Zionist regime's Shin Bet agency charged that the channel "broadcasts on behalf of the Islamic Jihad" armed group and said it had closed it in a joint operation with the army.
Israeli forces also arrested Palestine Today manager, Farooq Aliat, 34, of Bir Zeit, north of Ramallah, "an Islamic Jihad operative who had been imprisoned in Israel for his activities," it added.
Cameraman Mohammed Amr and technician Shabib Shabib were also arrested, the Palestinian Journalists Union said.
The channel continues to broadcast from the Gaza Strip.
A wave of Israeli violence has killed 188 Palestinians, two Americans, an Eritrean and a Sudanese since October 1.
In November, the Tel Aviv regime shut down two radio stations in the flashpoint West Bank city of Hebron -- Al-Hurria and Al-Khalil.
Source: World Bulletin