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Channel 5 pays £215m to US owner Paramount
Original: channel 5
British broadcaster Channel 5 has paid out £215 million to its US owner, Paramount, according to The Telegraph. The company, now under Skydance ownership, also reported profits falling by roughly $32 million last year, which executives attributed to a weaker advertising market and heavy investment in its own streaming operations. Commentators are weighing what the dividend payout means for the network's finances and future programming.
Why now: The scale of the payout, coming alongside a sharp drop in profits, has prompted debate about the broadcaster's financial health under US ownership.
Evidence
- Channel 5 pays out £215m to US owner Paramount · The Telegraph
- Skydance-Owned Channel 5 Profits Dropped by $32 Million Last Year Due to Ad Market and Inward Streaming Investment · IMDb
Elsewhere
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