U.K. broadcaster Channel 4 has posted robust revenues of £1.14 billion ($1.475 billion) for 2022. The figure was only a 2% drop from last year’s record £1.2 billion ($1.5 billion). “202…
“2022 was operationally and financially a very successful year,” the network’s CEO Alex Mahon told reporters at a press briefing on Wednesday morning local time as the results were announced.
Mahon also noted that now the threat of privatization had been lifted, Channel 4 was able to focus on its strategy. Earlier this year the U.K. government confirmed it hadBut she said the privately-funded public service broadcaster was not out of the woods yet and, like other PSBs including the BBC, ITV and Channel 5, was, which is currently working its way through the Houses of Parliament, to be passed in order to protect the broadcasters.
Mahon was joined at the press briefing by Channel 4 chair Ian Cheshire, COO Jonathan Allan and chief content officer Ian Katz. The executive committee – made of Mahon, Allan and Katz – were also quizzed about their salaries and bonuses given the rocky financial outlook that has led to the network canceling shows andMahon pointed out the trio had declined to take a pay rise and a bonus equivalent to 50% of their salaries, instead opting for 25% “because we felt we should be more in line with the rest of the staff,” said Mahon.
“I just think that’s a duck that doesn’t fly,” Katz replied. “I mean, just look at the data. If you take this year for instance and you look at our top 20 shows in linear, half of them are new shows. If you look at our top 50 shows in digital more than half of them are quite new shows.”
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