Channel 4 loss making for first time since 1992

Channel 4’s main channel made an operating loss last year for the first time since 1992, according to the broadcaster’s annual report published today.

The core Channel 4 service recorded an operating loss of £7.8m in 2007 where programme costs grew faster than advertising, according to the report.

The Channel 4 group as a whole recorded a pre-tax surplus of £1.8m against a surplus of £21.3m in 2006.

MediaGuardian has suggested the move was a deliberate one , with Channel 4 reinvesting advertising revenue into programming as the broadcaster makes its case for some form of extra public funding.

Channel 4 chairman Luke Johnson warned that the broadcaster would move into the red this year under its current funding model, reports Broadcast.

 

 

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