Tv > Finance

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

1 month 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.
Read more ...

 

Channel 4 cuts content budget by £150m in response to coronavirus crisis

1 month 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.
Read more ...

 

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

1 month 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...
Read more ...

 


Search by Tags

   Finance      Channel 4      Media      Television industry      Advertising      Coronavirus outbreak      UK news      UK      Economics      TV  


Bayern Munich v Fortuna Dusseldorf, Bundesliga 2019/20: What time is...

Bayern Munich v Fortuna Dusseldorf, Bundesliga 2019/20: What time is kick-off, what TV channel is it on and what is our prediction?

Read more ...

Piers Morgan confirms he's signed a new contract to REMAIN on Good Morning...

Piers Morgan confirms he's signed a new contract to REMAIN on Good Morning Britain until 2021

The broadcaster, 55, confirmed he's signed a new contract that will see him remain on Good Morning Britain until 2021 and insisted that he 'doesn't care' about complaints over... Read more ...

Piers Morgan staying at GMB until at least 2021 saying 'I don't care' about...

Piers Morgan staying at GMB until at least 2021 saying 'I don't care' about complaints

PIERS MORGAN is known as one of the most outspoken hosts on Good Morning Britain, but after taking a short break from the show, he has now revealed what the future looks like... Read more ...

Alan Carr speaks out on replacing Sir Bruce Forsyth ahead of Play Your Cards...

Alan Carr speaks out on replacing Sir Bruce Forsyth ahead of Play Your Cards Right reboot

ALAN CARR will be back on viewers' screens this weekend in the first of ITV's new Epic Gameshow series, which will see some of the most popular quiz shows rebooted to help... Read more ...

Andy Cohen re-homes his beloved dog Wacha in order to ensure safety of his...

Andy Cohen re-homes his beloved dog Wacha in order to ensure safety of his one-year-old son Ben

Andy Cohen announced via Instagram on Friday that he was forced to re-home his beloved rescue dog Wacha in order to ensure the safety of his one-year-old son Ben. Read more ...

Take That fans go wild as Robbie Williams REUNITES with band for virtual gig

Take That fans go wild as Robbie Williams REUNITES with band for virtual gig

Robbie Williams delighted fans as he reunited with Take That for a virtual performance from their homes on Friday night. Read more ...

Vampire Diaries hunk Zach Roerig arrested for DUI allegedly failing multiple...

Vampire Diaries hunk Zach Roerig arrested for DUI allegedly failing multiple sobriety tests

Vampire Diaries and Dare Me star Zach Roerig had a run in with police over Memorial Day Weekend that resulted in the actor being arrested and spending a messy night in jail. Read more ...

Summertime season 2 Netflix release date: Will there be another series?

Summertime season 2 Netflix release date: Will there be another series?

SUMMERTIME was dropped on Netflix last month. But is there going to be another series? Read more ...

Is Space Force real and where was the Netflix series filmed?

Is Space Force real and where was the Netflix series filmed?

Steve Carell's Netflix series Space Force is partly inspired by the U.S. Space Force Space Force has landed on Netflix and fans are excited to watch Steve Carell's return to a... Read more ...

Insecure season 5 release date: Will there be another series?

Insecure season 5 release date: Will there be another series?

INSECURE is in the middle of airing its fourth season. But is there going to be another series? Read more ...