News Summary

• UK television network that sits within David Ellison’s newly minted Skydance empire, posted a 64% decline in profit last year.
• 5 blamed “challenging” ad market conditions, while also pointing to increased investment in its streaming service, content, and marketing.
• 5 said it had the fastest-growing public service broadcaster streaming service last year after it posted a 34% increase in total viewing minutes.
• Channel 4, 5's closest commercial rival in the UK, posted flat revenues of £1 billion last year and recorded a deficit of £10M.