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U.K.'s Channel 4 Cuts Exec Pay, Slashes Content Budget by $185M Amid Virus Crisis

virus 2020 pandemic Coronavirus
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U.K. broadcaster Channel 4 has unveiled a raft of budget-cutting measures to deal with the ongoing coronavirus pandemic. Among the measure are an immediate 20 percent pay cut voluntarily taken by all executive and non-executive board members, alongside the suspension of the 2020 bonus scheme for executive directors.

The company — which ispublicly owned and entirely commercially funded — also said Wednesday that it expects to reduce its 2020 content budget by £150 million ($185 million), while finding a further £95 million ($118 million) of savings through a review of planned projects and investments, including a reduction of marketing budgets.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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