K.J. Yossman U.K. public service broadcaster Channel 4 has revealed revenues of £1.02 billion ($1.6 billion) for 2023 despite what has been billed as the worst advertising downturn since 2008.
Channel 4 CEO Alex Mahon unveiled the results as part of the broadcaster’s latest annual report, which was published later than usual due to the general election earlier this summer.
Despite this, the network has been operating on a planned deficit of £52 million, which it warned about earlier this year when Mahon also announced in Jan.
the company would be cutting 18% of its workforce and axing a number of underperforming linear channels in a bid to reduce operational costs by 2030.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.