Benefits Britain: Life on the Dole

Channel 5 made £12.9m loss before Viacom deal

Channel 5 made a £12.9 million (US$20.1 million) loss in its final financial results before Viacom acquired the UK broadcaster for £450 million last year. The network’s accounts for the nine months to September 30, 2014, revealed the operating loss, which compared with a £32.4 million operating profit in full-year 2013. US giant Viacom acquired […]