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| Falling profits at Channel 4? What a shame http://www.bbfans.co.uk/viewtopic.php?f=43&t=29085 |
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| Author: | JimD [ 15 Jan 07, 16:33 ] |
| Post subject: | Falling profits at Channel 4? What a shame |
Mon 15 Jan 2007 EveningNews CHANNEL 4's profits have slipped by 70 per cent over the last year following a period of heavy investment in digital channels and a dip in advertising revenues. Initial figures show pre-tax profits will come in at around £20 million - down from £66.8m last year. The broadcaster is expected to freeze its commissioning budget this year, which could hamper its ability to hold on to audience -pleasing formats such as Big Brother and high-rating drama series such as Shameless. Channel 4 chief executive Andy Duncan said a move in advertising revenues from TV to online media had blighted the firm's fortunes, combined with a £34m loss in digital channels E4 and More4. |
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