- The government funded Channel 4 broadcsters posted an operating loss Wednesday of 7.8 million pounds ($15.5 million) during 2007 for its core channel, its first annual deficit since 1992.programming costs increased more rapidly than revenues, by £20.8 million to £536.5 million compared to £515.7 million in 2006.
- But there was some good news with Channel 4's digital TV channel offerings collectively in the black for the first time.The bouquet of digital offerings, including E4 and More4, posted an operating profit of 16.2 million pounds ($32.2 million) in 2007, a turnaround from the loss of 17.6 million pounds the previous year.
- Such performance helped the Channel 4 Group to return a pre-tax profit of 1.6 million pounds ($3.2million) in 2007, a slump from the 21.3 million pounds recorded in 2006.Group turnover was flat during 2007 with the 48.1 million pounds ($95.8 million) increase in advertising revenue balancing falling revenues from rights and other sources.
- Falling revenues came on the back of factors including reduced income from premium rate telephone services as a result of problems with phone-in competitions on shows including "Richard & Judy" and "Deal or No Deal."Channel 4 is aiming to replicate its success in digital TV on new digital media platforms.Channel 4's New Media division grew revenues by 44% to 26.7 million pounds ($53.1 million) from 18.5 million pounds in 2006 but recorded an operating loss of 15.4 million pounds ($36.1 million), more than the 6 million pounds the year before.The further losses came largely as a result of start-up investment in its video on demand service, 4oD
Wednesday, 23 April 2008
Channel 4 posts first operating loss since 1992
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