Channel 4 Deficit Will Be “Pretty Much Flat” In 2024, Alex Mahon Reveals
Reading now: 167
deadline.comChannel 4‘s deficit will return to being flat for 2024 following a record 2023 in which it hit £50M ($64M), Alex Mahon has revealed.
The Channel 4 annual report will reveal more in the coming months but the network’s boss told a Culture, Media and Sport Committee hearing today “we are pretty much on a flat deficit [for 2024] so that’s positive,” while she said revenues will be up around 1% for full-year 2024.
Channel 4 bosses had previously forecast a small deficit for 2024. Mahon was bullish when comparing Channel 4’s recent performance with rivals.
She pointed to the BBC’s whopping £492M deficit for 2024/25, which has since been revised down, along with ITV revenues dropping 3%.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
