BR
So £3m spent on staff, £2.6m in revenue and a loss of over £6m, meaning around £6m spent on infrastructure, programme rights, non-staff programming costs and from the sounds of it servicing debt.
As others have said although the change to concentrating on archive programming very loosely connected to London might have increased ratings it hasn't increased the value of the channel IMO. It does seem highly unlikely now it would ever be bought up by an established broadcaster or production studio but you would think there could be significant financial savings to be made in partnering with either C4 or Viacom. Indeed I'd still see it as a good fit for Channel 4, especially now when there is pressure on them to move out of London. Providing a more PSB service especially for Londoners could be the thing that helps hold off any sale.
However in both cases they're just better waiting it out for London Live to go bust and hope to pick up the pieces.
As others have said although the change to concentrating on archive programming very loosely connected to London might have increased ratings it hasn't increased the value of the channel IMO. It does seem highly unlikely now it would ever be bought up by an established broadcaster or production studio but you would think there could be significant financial savings to be made in partnering with either C4 or Viacom. Indeed I'd still see it as a good fit for Channel 4, especially now when there is pressure on them to move out of London. Providing a more PSB service especially for Londoners could be the thing that helps hold off any sale.
However in both cases they're just better waiting it out for London Live to go bust and hope to pick up the pieces.