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Channel 4 Posts Record Deficit As Content Chief Ian Katz Snubs Bonus
Channel 4's Ian Katz has snubbed a bonus as the channel posts a record deficit for 2023, with Alex Mahon and Jonathan Allan taking their bonuses.
A smaller deficit is expected this year, CEO Alex Mahon and Katz said today, but the second half of 2024 in particular has still been challenging financially due in part to the government’s upcoming fall budget and its impact on consumer confidence. Deadline had initially revealed several months back that the trio would all take bonuses – a decision that was criticized in some quarters of the indie sector as it came amid a 250-person layoff program – but Katz then decided to reject his due to the pain suffered by producers, Mahon said. Channel 4 today promoted record streaming growth as it focused on shows such as The Piano, Big Boys and its Russell Brand exposé.
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