The state-owned, commercially funded broadcaster reported a 10% fall in total revenues in 2023 to £1.02bn, down £120m from 2022.
While bosses enjoyed bonuses, the Guardian has previously revealed that as a result of last year's poor performance Channel 4 is moving to cut staff numbers by 240, the biggest round of layoffs in at least 15 years.
Channel 4's latest annual report, published yesterday, showed its top executives - the chief executive, Alex Mahon, the chief operating officer, Jonathan Allan, and the chief content officer, Ian Katz - took home £2.15m in pay and bonuses last year. Mahon and Allan accepted £375,000 in bonuses, while Katz declined an award of more than £100,000.
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