Ian Katz, Channel 4s Chief Content Officer, pocketed a total pay packet of 845,000.

They have deferred these bonuses indefinitely as they steer Channel 4 through very challenging market conditions this year.

Channel 4 executives have also declined a pay rise.

‘The Great British Bake Off’

‘The Great British Bake Off’Channel 4

Channel 4 Chairman Ian Cheshire said the record earnings were justified.

He said salaries benchmark favorably against other UK media companies and there are clear targets for bonuses.

Channel 4s exceptional team has steered the organisation to the benefit of British viewers and the creative industries.

Alex Mahon

Cheshire added that Channel 4s commercial performance in 2022 was better than we originally feared.

Revenue was 1.14B last year, down 2% from 2021s record of 1.16B.

Channel 4 said it spent 713M on programming in 2022, 570M of which was on original content.

Both figures were at historic highs for the commercial broadcaster, which boasts hits includingGoggleboxandThe Great British Bake Off.

Some 22% of the revenue was from digital ad sales.

Channel 4, which is publically owned but commercially funded, delivered a surplus of 20M last year.

This was down from the 2021 surplus of 101M.

He added, however, that there are signs of recovery.