GB News, a UK broadcaster, faced significant financial challenges with losses amounting to £42 million and total losses since its launch in 2021 reaching £76 million. The owner injected an additional £41 million in funding as losses widened. Despite claims of high viewership figures, the broadcaster struggled with low ad revenue and escalating losses. GB News' losses were six times its revenue last year. TalkTV, another channel, moved to online streaming only due to financial difficulties.
Unfortunately, TalkTV failed to resonate with audiences in a media landscape dominated by social media and smartphones. https://t.co/06lB0DzMP8
📺 GB News faces bigger battles after TalkTV’s retreat Read the full story below ⬇️ https://t.co/oKI0royRMj
GB News has reported losses of £42 million as a result of overpaying onscreen talent, thereby demonstrating a misunderstanding of both accounting practices and the word 'talent' https://t.co/cxHquvjofB
The farce of @Conservatives pearl clutching over potential foreign ownership of @dailytelegraph and @spectator when we have Rupert Murdoch, offshore Lords and this 👇 GB News owner pumps in further £41mn in funding as losses widen https://t.co/xRZ4IEfO2D
GB News gets a lot wrong but I wonder how the BBC would be doing if British people didn’t have to pay for it to own a TV. https://t.co/6aQrPSkhrd
GB News posts £42m loss but grows online audience https://t.co/NM54PmIBk5
GB News has now lost £75m in two and a half years. An enormous sum for a small media business. Losses in year two were much bigger than year one. The original plan projected steady move to break even in year three (as all business plans do!). That ain’t gonna happen. Nothing like…
Where viewers are watching TV rolling news: BBC News 11.4m Sky News 8.5m GB News 2.87m Talk TV 2m (December 2023) https://t.co/yBYtlVR7EN https://t.co/SzTC7jMpVy
BREAKING "TalkTV to close down TV channel and go online only" It looks like Right Wing TV is imploding. We've reached the limit of the far right feeding frenzy. They only have a certain number of potential viewers & they've reached saturation level👊 Why? Because the vast…
Profits at the publisher of the Mirror and Express newspapers have tumbled by a third after it announced sweeping job cuts Find out more ⬇️ https://t.co/BcX5Kyb2Rc
Breaking news: GB News owner All Perspectives has been forced to provide a further £41mn in funding to cover operating costs at the loss-making broadcaster. https://t.co/KpxDm9hlNN https://t.co/1P3oWDr6fP
BARB figures show GB News was yet again ahead of Sky News across the whole day average viewership yesterday. Going from strength to strength!
Mirror publisher Reach cuts sum set aside for phone-hacking payouts https://t.co/Z0dAQY3xHl
After losses so much larger than its audience, Lachlan Murdoch has decided to switch Talk TV to online only. It’s been a disaster. Next to go will be another loss maker, Times Radio , which has seen listener numbers fall from 750,000 to 490,00 in two years. So desperate they…
GB News owner pumps in further £41mn in funding as losses widen https://t.co/UVJqiksHKE
EXCLUSIVE: TalkTV Moves To Online Streaming Only, Scraps Expensive Broadcast Channel https://t.co/6NgD4lWnxH https://t.co/9nnqsBRaQi
BREAKING 🔷GB NEWS LOSSES since launch 2021 now stand at an eye watering £76 MILLION 🔷Losses up 38% this year to £42.4m 🔷Ad revenue across the year was just £6.78million The @StopFundingHate campaign with advertisers seems to have worked https://t.co/MTvcVtWvXH
GB News’ losses were six times its revenue last year. That’s pretty staggering. https://t.co/nEPYHrd6YD
But hang on, GB News are always telling us they have higher viewing figures than BBC News and Sky News! https://t.co/PxploVZ0b2
Reach Plc FY results: — Rev down 5.4% to £568m — Biggest hit is from Digital (-15%), w/ platforms deprioritising news & ad rates falling — Net debt of £10.1m — Some long-term uncertainties now almost behind biz, CEO Jim Mullen says — AI tool roll-out continues (+12 outlets) https://t.co/I7b92ndw0b