MX23RW : Monday, March 4 21:16:53| >> :600:2841058:2841058:

Channel 4 to axe jobs, London HQ, minor TV channels

Channel 4 to axe jobs, London HQ, minor TV channels
© Channel 4
Channel 4 involves a new five-year strategy that will result in around 200 job losses, some linear channel closures and a move out of the broadcaster's Horseferry Road home.

Channel 4 has unveiled a new five-year strategy aimed at making the broadcaster "an agile, genuinely digital-first public service streamer" by 2030.

Called 'Fast Forward', the plan will involve a reorganisation of how content is commissioned to drive digital growth - but will also involve cost-streamlining measures including job losses and a move out of C4's iconic Horseferry Road home in London.

The proposals will see an 18% reduction in head count, comprising around 200 redundancies and 40 unfilled roles, while the move out of Horseferry Road will take place "in the next few years".

Additionally, the broadcaster will look to switch off minor linear channels, starting with its portfolio of music channels including The Box later this year. Instead C4 aims to launch FAST streamed channels, having recently experimented with a dedicated Married At First Sight channel online.

Alex Mahon, C4's chief executive, explained: "Channel 4 was designed to be ahead of the curve and has never stood still. The rate of change in our market is only speeding up. Our new strategy will accelerate our digital transformation - building on 2020's Future4 strategy and our founding public service principles - so Channel 4 remains a trusted, disruptive and distinctive brand into the 2030s, offering brilliant shows that people love and that matter.

"We are genuinely excited about the future. Channel 4 means something to British people – we are trusted, we are a beacon for quality, we stand out for fresh and exciting ideas that matter and will be even more important in a crowded landscape of global content.

"While getting ourselves into the right shape for the future is without doubt the right action to take, it does involve making difficult decisions. I am very sad that some of our excellent colleagues will lose their jobs because of the changes ahead. But the reality of the rapid downshift in the UK economy and advertising market demand that we must change structurally.

"As we shift our centre of gravity from linear to digital our proposals will focus cost reductions on legacy activity. In preparing for a new digital-first future, I hope we can make Channel 4 simpler – for staff and our suppliers – and create a more efficient, inclusive and high performing organisation."

Having successfully avoided government plans for privatisation, Channel 4 also plans to explore new freedoms allowing it to produce its own programming.

ID:535329:1false2false3false:QQ:: from db desktop :LenBod:collect3078:

Follow us on X/Twitter and like us on Facebook for the latest entertainment news alerts.

Media Mole Limited-Time Offer: Get Sky Cinema, Sky Stream & Netflix for just £27 a month + £0 upfront fee for 18 months!
Prices may change during this period. Ends 21st March 2024


Click here for more stories about Alex Mahon

Collect / Create New Data
Share this article now:
Channel 4 HQ at Horseferry Road
Read Next:
Channel 4 chief exec hits back at privatisation plans
>
Read more about Alex Mahon Entertainment
rhs 2.0
New TV Picks header

Monday, March 4


Celebrity Big Brother: Live Launch: ITV1, 9pm
It's baaaaack. Who will be entering the house? Find out live! Followed by Late & Live on ITV2 at 10.30pm and live streaming on ITVX from 11.30pm to 2am

EastEnders: BBC One, 7.30pm and iPlayer, from 6am
Set over five weeks, Whitney and Zack pack themselves up to Milton Keynes to visit Bianca

Trump: The Sequel? - Panorama: BBC One, 8pm
A look ahead to the unedifying prospect facing the US later this year

Navalny - Storyville: BBC Four, 10pm
Oscar-winning doc following the late Russian opposition leader