By Tim Dams U.K. broadcaster Channel 4 is understood to be preparing to announce a range of cost-cutting measures this week as it wrestles with a major slump in advertising revenues due to the coronavirus crisis.
Channel 4 is examining a range of options, which include a 20% voluntary reduction in the salaries of its executive board — which includes chief executive Alex Mahon and director of programs Ian Katz — as well as furloughing some staff during the crisis.
Channel 4’s £1.1 billion ($1.35 billion) in annual revenues have been particularly hard hit in the second quarter of 2020 as it is almost entirely dependent on advertising revenue, which has fallen dramatically as brands have slashed marketing spend during the coronavirus
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.