Paramount’s Channel 5 Increases Operating Profit In 2023 But Takes Hit On Huge $200M Payment To Viacom Interactive Subsidiary

Paramount UK network Channel 5 saw turnover and operating profit rise last year but made an overall loss of £159.5M ($200M) due to a one-off payment to a Paramount Global subsidiary. According to its full-year 2023 results posted on Companies House, the loss was solely down to an investment in Viacom Interactive Limited, which totalled […]