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Paramount withdraws £215 million from Channel 5 amid profit plunge

The Telegraph ·

  1. 1Paramount has withdrawn £215 million from Channel 5.
  2. 2Channel 5's pre-tax profit fell by two-thirds to £11.9 million.
  3. 3Channel 5's revenue declined 8% to £292 million.

So what's the key point?

Paramount took £215 million from Channel 5 after its earnings dropped. This withdrawal occurred as the company's profits fell by two-thirds.

Source The Telegraph · View original ↗

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