Channel 4 at 'tipping point' warns chairmanChannel 4's main channel made an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. last year for the first time since 1992, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the broadcaster's annual report published today. The channel was hit by falling ratings for Big Brother and the loss of phone-in revenue as a result of the premium-rate TV competition scandal. Channel 4's chairman, Luke Johnson Luke Johnson may refer to:
in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. . The core Channel 4 service recorded an operating loss of £7.8m after programme costs grew faster than advertising, according to the report. Overall group turnover was marginally up, with increased advertising revenue helping offset the loss of revenue from premium-rate telephone services. Ratings for the core Channel 4 service fell 11% in 2007 but there was an increase in audience for its digital channels, E4, More4 and Film4. Channel 4's new media division recorded an operating loss of £15.4m, up from £6m in 2006, because of the start-up costs of its video-on-demand service, 4oD. Group turnover was £944.9m in 2007, fractionally up on a record £937m in 2006m. Overall, the Channel 4 group returned a pre-tax surplus of £1.6m against a surplus of £21.3m the previous year. Johnson said: "2007 will be the last year in which Channel 4, under its current funding model, manages the difficult balance between increased creative investment and financial break-even. "The tipping point we have been warning about has been reached, with the core channel now in deficit and being supported by profits from secondary activities. "In response to market conditions, we are already having to cut editorial budgets and a new public funding solution is now urgently required if we are to maintain such impressive levels of public service plurality The opinion of an appellate court in which more justices join than in any concurring opinion. The excess of votes cast for one candidate over those votes cast for any other candidate. Appellate panels are made up of three or more justices. in competition with the BBC." Channel 4 chief executive Andy Duncan Andy Duncan is the name of:
An individual, for example, might remit money to pay bills. TO REMIT. To annul a fine or forfeiture. 2. , not maximising profit. "In a difficult year for television, it was a significant achievement to be able to make our highest ever investment in award-winning UK content while still managing to break-even. We recorded the second highest annual share of viewing and the highest share of total TV advertising revenue in our history." Channel 4's share of the audience fell to 8.7% in 2007 from 9.8% the previous year. The broadcaster attributed the decline to the fall in ratings for Big Brother and ITV (1) See interactive TV. (2) (iTV) The code name for Apple's video media hub (see Apple TV). 1's decision to move its children strand out of its weekday schedule. It said the decline had been offset by a 35% increase in all TV viewing for its digital TV channels, E4, More4 and Film4, with Channel 4's total share across all its channels reaching 11.9%, down from 12.1% in 2006. Timeshifted channel Channel 4+1, launched last year, now accounts for 6% of all monthly viewing to the main channel. Channel 4 increased its share of the total TV advertising market to 24.1%, its highest ever share. The core Channel 4 service grew advertising revenues by £12.4 m or 1.9% to £676.8m. But programme costs for the main channel grew faster than revenues, up £20.8m or 4% to £536.5m, resulting in an operating loss of £7.8m, its first annual deficit since 1992. Its digital TV channels were collectively in the black for the first time, returning an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of £16.2m against a loss of £17.6m in 2006. Channel 4 said programme and content spend across its entire network of channels rose 3% to a record high of £624m. More than £400m was invested in original UK content. · To contact the MediaGuardian news desk email editor@mediaguardian.co.uk or phone 020 7239 9857. For all other inquiries please call the main Guardian switchboard on 020 7278 2332. · If you are writing a comment for publication, please mark clearly "for publication". 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion