C5 make £40m profit after revenue surges
 

I can't read the whole article as I'm not a subscriber, but this is quite confusing. I thought C5 were "struggling" after the cut of the feed, the videos and content online? There's a picture of Marco's eviction if you go on the Broadcast website before clicking the link. So, was that eviction one of the reasons of the surge? Hmm. Either way, we are being lied to about "cost issues". There was a huge 35% increase of turnover for C5, so they can't be that skint!

http://www.broadcastnow.co.uk/news/c...contentID=2298

Can't see the article unless you're a subscriber. Could you possible copy and paste it pls? :)

I've managed to find a way to read it...

Channel 5 is set to post annual pre-tax profits of around £40m after a massive 35% surge in turnover.

The broadcaster is close to filing its first full-year financial results since being acquired by Viacom in 2014. While the 2014 figures only accounted for the first nine months of the year, to bring C5’s financials into line with Viacom’s, the turnaround is still significant.

C5 is expected to post pre-tax profit of £39.5m and an operating profit of £21.5m in the twelve months to 30th September 2015, compared to a loss of £12.9m to end of September 2014.

Turnover will be up from £240m last year to £322.7m.

The broadcast was hit by £7.2m programming write down relating to its acquisition of Warner Bros’ reboot of Dallas and a £6.6m charge covering redundancy costs relating to the closure of C5’s ad sales division.

But the decision to close the sales division and take its business to Sky Media in May 2015 has been the key driver in the improved performance.

It is understood that the Sky Media’s increased negotiating strength, and ability to guarantee price increases related to C5 ratings growth in key demographics, has led to much of its growth.

C5’s full financial accounts are expected to be filed with Companies House imminently.

Idk maybe it's coz I'm using my phone but thanks.

It's not just you, you need to be subscribed, but someone over on DS told me a way to view some of the content.

i don't understand what any of that means but cool that's good news i guess

Hope the profit means they can finally afford Emma Greenwood as a returnee

Basically, yeah very good news. If I'm not wrong, pretty certain that's the most cash C5 have ever had in a surplus.

I mean it's a lot but is it enough to fork out £30m for her? idk the nation will have to wait and see...

How do you do it? I want to read broadcast but it's a damn rip off

She may consider if they offer 35 mil?

:joker:

I didn't think money was an issue?

I think they said the cost wasn't worth it because it would get so few subscribers?

They can afford to pay for it, but won't because it won't get many viewers is their point.

Would live feed even cost that much tho? I mean they're already recording and monitoring 24/7 and getting a live stream up online couldn't possibly be that much? I mean at Uni we stream stuff from our studio all the time for free.