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Joined: Aug 2004
Posts: 22,315
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 |
Channel 4 has blamed declining advertising revenues and higher spending on digital TV for a 70% decline in its profits to £14.5 million in 2006.
The group, which released its annual report today, increased spending on programmes from £573 million to £608 million, with £125 million of the total spent on annual entertainment shows like Big Brother.
Channel 4 director of television Kevin Lygo indicated that its spend on US imports like Ugly Betty will be the first area to be cutback.
The channel's acquisitions spend rose from £112.9 million in 2005 to £127.2 million last year, but the number of programming hours such shows took up fell from 3,382 to 3,278. Well its been coming for ages, Ofcom recently reported that by 2011 Channel 4 will be running completely off savings as they will not even be breaking even. So it looks like its true and they will probably go out of business in the next 5 years. Digital Spy Report
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Joined: Apr 2006
Posts: 12,369 Likes: 1
Wiki Master
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Wiki Master
Joined: Apr 2006
Posts: 12,369 Likes: 1 |
What did they expect? Bit of advice: Big brother is lame, and became boring after the first series...so stop showing it!!!Cutting back on US Imports is probably the worst decision by Channel 4. I think these shows bring in the viewers. I'm a fan of shows like ER and Scrubs. What other content will they have to offer without them?!?! More big brother?!?!
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Joined: Nov 2003
Posts: 3,793
Forum Guardian
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Forum Guardian
Joined: Nov 2003
Posts: 3,793 |
Channel 4 is the best channel on tv. I really hope it manages to stay afloat with the quality it produces (not big brother obviously)
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Posts: 1,317
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