Channel 4 bosses' earnings soared by nearly a third last year, despite the public service broadcaster slashing content spend and hundreds of jobs.
The publicly owned network’s pay for its top team rocketed by 32% to nearly £2.9m last year, the second-highest level in 15 years, according to its annual report.
The largest increase was reserved for outgoing CEO Alex Mahon, who announced her departure last month, whose earnings soared by 44% to £1.3m, including a £544,000 bonus.
Similarly Jonathan Allan, Channel 4’s chief operating officer, saw his pay rise to £848,000, and its chief content officer Ian Katz earned £720,000.
The Great British Bake Off broadcaster saw its revenues rise up by only 1% to £1.04b, and its total content spend was £643M, which was down 3% year-on-year and was at its lowest level since the 2020 pandemic.
