BusinessCompany NewsPwC report reveals Channel 4 supports 22,000 jobs

PwC report reveals Channel 4 supports 22,000 jobs

PricewaterhouseCoopers report shows that Channel 4 contributes £2bn to the economy and supports the creative industries, as TV boss calls for renewed financial support

A report commissioned by Channel 4 has shown that the publically-owned
station contributes £2bn to the economy and supports 22,000 jobs in the creative
industries.

The report, compiled by
PricewaterhouseCoopers
, was released as C4 chief executive Andy Duncan renewed calls for financial
support.

The channel is publicly owned but relies on advertising for funding.
According to the FT
, the group is predicting an annual deficit of £100m by 2012.

In an Ofcom
submission, C4 said revenues were strong, but these earnings would shrink
with the development of multi-channel viewing.

Further reading:

Visit Channel Four here

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