Channel 4 CEO Alex Mahon seems to have pulled off a pandemic miracle. The broadcaster ended 2020 with a surplus of £69m, compared with a deficit of £25m the year before.
Over the twelve months, they identified a pot of £95m in cash savings in projects and investments (it's not clear whether they needed them all), made £150m savings in delays and full-stops in planned content spend, and later invested £16m in fast-turnaround Covid-19 programming (like Jamie Oliver cooking at home).
This makes it difficult for Conservatives to argue that the operation needs to be privatised because it's struggling.
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