https://leftfootforward.org/2024/03/gb-news-reports-40-increase-in-losses-to-42-million/
GB News is owned by All Perspectives Ltd, a holding company backed by hedge fund millionaire Sir Paul Marshall and investment firm Legatum, amongst others, with Marshall pumping millions into the channel.
Right-wing channel GB News is reporting a 40% increase in losses to over £42 million.
Pre-tax losses at the broadcaster hit £42.4m for the year to the end of May 2023, up from £30.7m a year earlier.
It comes as GB News continues to splash the cash on a number of high-profile presenters, including the likes of Nigel Farage, Jacob Rees Mogg and Boris Johnson. The channel’s wage bill soared to £21.2m last year, from £12.7m in 2022 as the average number of monthly employees rose to 295, up from 175 in 2022.
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https://leftfootforward.org/2024/03/gb-news-reports-40-increase-in-losses-to-42-million/