Revealed: Channel 4 Bosses To Accept Bonuses In 2024 As Hundreds Of Staffers Laid Off
deadline.comEXCLUSIVE: Channel 4 bosses will take home reduced bonuses in 2024 as 250 staffers are laid off. Deadline can reveal that the vast majority of Channel 4 staff will receive a bonus this year around half the level of 2023, including CEO Alex Mahon, content boss Ian Katz and Chief Operating Officer Jonathan Allan.
The trio will see their pay reduced by around 30% to 40% from last year’s record highs, we are also told. The decision on bonuses was recently rubberstamped by the network’s Remuneration Committee and a Channel 4 spokesman told Deadline the bonus was calculated from the network’s “annual targets, remit and business goals.” This decision to award them bonuses was made in the past few weeks as the redundancy program has been in full flow – the biggest such program initiated by the broadcaster for 15 years.
Senior bosses’ separate six-figure loyalty bonuses, which Deadline revealed had been indefinitely deferred last year amidst a revolt from producers, are still under discussion.
The Channel 4 spokesman said this summer’s annual report will “show a 30 to 40% reduction” in pay for Mahon, Katz and Allan.
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