EXCLUSIVE: Channel 4’s top executives have indefinitely deferred their six-figure loyalty bonuses amid a revolt from producers, who have voiced dismay at the British broadcaster pleading poverty as…
and commercial head Jonathan Allan, will forgo bonuses of more than £100,000 until the company has navigated its way through a chastening ad market slump.
The trio made a decision late last week to delay their retention bonus, which was due to be paid this month. Deadline understands that they felt it was the right thing to do as they pass financial pain onto producers, who have blasted the salaries as “outrageous” in the current climate. Several sources claimed that Channel 4 had overspent on content after failing to forecast the ad market plummeting by as much as 20% in the second quarter of 2023. Channel 4 is not the only broadcaster feeling the financial pinch, but the company stands accused of failing to be transparent about its issues and introducing an unofficial commissioning moratorium.
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