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Channel 4 cuts content budget by £150m as virus hits ad revenues

3 monthes ago   |   By The Guardian

Beleaguered broadcaster to slash programming costs and furlough almost 100 employees Coronavirus - latest updates See all our coronavirus coverage Channel 4 is to cut its programming budget by £150m and furlough almost 100 staff as it fights to survive the impact of the coronavirus crisis. The broadcaster, which is publicly owned but funded mostly by TV advertising, faces an advertising revenue slump of 50% over the next two months. This week analysts estimated that Channel 4 had the finances to survive for only six months without making cuts.
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Channel 4 cuts content budget by £150m in response to coronavirus crisis

3 monthes ago   |   By Belfast telegraph

Channel 4 plans to cut its content budget by £150 million in a bid to navigate through the coronavirus crisis, it has been announced.
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Channel 4 to slash content budget by £150m as it faces ‘challenging times' due to coronavirus outbreak

Channel 4 to slash content budget by £150m as it faces ‘challenging times' due to coronavirus outbreak

3 monthes ago   |   By Metro

Channel 4's CEO explained the coronavirus has had a huge impact on their advertising
TV bosses at Channel 4 have decided to cut its content budget by £150 million after facing ‘challenging times' due to the coronavirus outbreak.
The TV channel, which heavily relies on advertising has outlined a number of measures it will be taking to ensure it can successfully navigate the economic impact of the Covid-19 pandemic.
As well as reducing the content budget for 2020, all executive and non-executive board members have taken an immediate voluntary 20% pay cut.
The move is also reflected over the...
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