GB News reports losses of £31m after first year on air
The broadcaster has paid substantial sums to attract politicians and on-screen talent including Nigel Farage, Arlene Foster, and Conservative MP Jacob Rees-Mogg
Conservative British TV channel GB News has reported losses of £31 million after its first year on the airwaves.
The right-wing British television and radio channel first launched in June 2021 with promises to ‘shake up’ broadcasting, famously opening with Andrew Neil announcing: “We are proud to be British – the clue is in the name”.
However, it quickly suffered an advertiser boycott shortly after its debut with brands including Sainsbury’s and Ikea pulling ads from its channel.
Airing with shows from big names like ex-BBC journalist Andrew Neil, ex-UKIP Leader Nigel Farage, Daily Mail columnist Dan Wooton and ex-Sky broadcaster Colin Brazier amongst others, it has spent huge sums to attract on-screen talent and a year on its Companies House accounts for the year to 31 May 2022 report a loss of £30.7m.
The accounts show that GB News Limited reported advertising revenues of £2.97m, digital revenues of £564,000 and sponsorship revenue of £105,664, however, the cost of sales stood at £25.4m and operating expenses at £8.9m.
ADVERTISEMENT
Yet the business has said that its directors are ‘satisfied’ with the results for the year and expect growth in the future.
Conservative politician Jacob Reese Mogg hosts a regular show on the channel called ‘State of the Nation’. / Image: GB News / Youtube
The reports follow warnings from bosses in February that the channel faced a tough financial environment, as they revealed it is now being financially supported by Brexiteer hedge fund tycoon Sir Paul Marshall and Dubai-based investment company Legatum.
ADVERTISEMENT
At the start of March, the broadcaster moved its website from gbnews.uk to gbnews.com, which a spokesperson said: “allows us to reach a much larger potential global audience”.
The broadcaster has paid substantial sums to attract politicians and other talents including Nigel Farage, Arlene Foster, and Conservative MPs Esther McVey and Philip Davies.
ADVERTISEMENT
According to PA Media, McVey was paid £58,650 by GB News in 2022 and Davies £46,203.
Press Gazette also found in December that GB News had spent more than any other publisher on payments to MPs, dishing out a total of £82,040 between October 2021 and September 2022.
Since then the company has hired two more sitting Conservative parliamentarians, Jacob Rees-Mogg and Lee Anderson, to host shows on the platform.
GB News said its average monthly reach according to BARB was 2.32 million in the 2021/22 financial year, an average linear audience share of 0.3%. A spokesperson said this figure had risen to 2.84 million by February this year.
Stockport’s Aimee Lou Wood slams SNL for ‘mean and unfunny’ White Lotus sketch
Danny Jones
Stopfordian White Lotus star, Aimee Lou Wood, has fired back at Saturday Night Live (SNL) following a new skit that has been equally slammed by others on social media for mocking her.
Wood was the subject of a recent skit on SNL entitled ‘The White Potus’, in which her physical appearance and voice were heavily parodied.
The Bramhall-born actor is best known for her roles in Netflix’s Sex Education, Daddy Issues – the BBC Three comedy filmed in Stockport – and now the hit HBO show, White Lotus, becoming an increasingly household name both in Britain and in the US.
Unfortunately, it is her increasingly recognisable face that the long-running sketch comedy show seemingly targeted as one of their jokes last week, and now Aimee Lou Wood has commented on the controversy, confessing that she was left hurt by the jokes.
Replying to an Instagram post which read, “YOU ARE STUNNING. PERIOD”, a first response to what has been labelled an ‘insensitive’ sketch was coaxed out of her, with Wood writing: “Whilst in honest mode – I did find the SNL thing mean and unfunny.”
The 31-year-old has since gone on to continue discussing the matter in multiple IG stories, reiterating that while she is not “thin-skinned”, understands the show and has enjoyed it even of late, she would have liked something done in a “more nuanced, less cheap way.”
She went on to say: “On a positive note, everyone is agreeing with me about it, so I’m glad I said something instead of going in on myself.”
The Greater Manchester native has been hit with a wave of support online, with many pointing out that everyone else parodied was a political figure except her, as Wood also noted that the rest of the sketch was “punching up” until it came to her teeth and Mancunian accent.
Wood insisted that she didn’t take issue with the SNL cast member who played her, Sarah Sherman, but more the content of the joke, adding that the joke was about fluoride (i.e. toothpaste) and that she has “big teeth not bad teeth.” She also qualified that claims about her treatment by HBO were false.
Credit: Screenshots via IG
Wood has since revealed that SNL – which is aired by US network NBC – have now sent their apologies, though she hasn’t detailed exactly what message(s) received state.
It looks like the SK local is now hoping to draw a line under the whole thing, but she is still being met with an outpouring of love and support from her followers and fellow famous names.
One of those who came to her defence is former Channel 4 presenter and The Good Place star Jameela Jamil, who wrote: “I hate this so much. It’s the least interesting or memorable thing about this brilliant actor. Our next Olivia Coleman…
“We make fun of the assimilation of women, then mercilessly obsess over anyone with any slightly alternative features […] I also think she’s so f***ing beatiful and love her face so much and wouldn’t want her to look any different.”
BMX history made in Manchester at inaugural Red Bull event
Danny Jones
More sporting history was made in Manchester this weekend as a city centre venue saw several world firsts in the realm of BMX as Red Bull kicked off a brand new high-octane event.
The inaugural edition of Red Bull Featured here in the UK saw thousands pile into Manchester Central on Saturday, 12 April, for a day of bike-based athleticism, truly impressive tricks and, in some cases, quite literally death-defying stunts.
Not only did the new event series get off to huge success, the BMX riders taking part also pulled off some truly incredible feats, with not one, not two, but 11 different world-first tricks in the space of just three hours.
For instance, Great Britain’s Kieran Reilly from Newcastle, who finished first overall in the male category, did this frankly ridiculous thing:
What you’ve just seen is called a ‘540 Triple Tailwhip to Bar Spin’ and it’s just the tip of the iceberg when it comes to world-first moves pulled off at the event, with Reilly being joined by several other BMX stars in setting records and making history on the night.
For instance, not only did he pull off a 720 Triple Tailwhip as well – you can see both tricks HERE– but his colleagues managed to hit these:
Reilly, still just 23, said of his spectacular performance: “Learning a new trick is the best feeling, and doing something no one has ever done before just tops it. The last trick was one of the scariest I’ve ever done, and to even just leave here healthy is amazing, let alone achieve two world’s first tricks.”
As for American Hannah Roberts, who pulled off an equally impressive world-first with a Backflip Barspin to Tuck No Hander to win the women’s event, she added: “I came into the round and I didn’t know where I sat, and I wanted to end it well.
I’ve been doing the trick for quite some time in training and as I didn’t land my double fire, I wanted to land one world’s first at least. I’m so sore but I’m absolutely pumped. It’s been one of the coolest events as it gives us the opportunity to try all these tricks without the risk of hurting our scores.
The event was absolutely mindblowing.”
Hannah Roberts enjoying the views inside Manchester Central. The female podiumCredit: Eisa Bakos/Marcus Cole (via Red Bull Content Pool)
It was quite literally a showcase of some of the very best BMX talent in the world and yet another historic date for sport here in Greater Manchester.
With Olympic riders from all over the globe competing and getting the chance to attempt world-first tricks without their score taking an instant hit, it made for a mind-blowing display.
The new format, created by BMX legend and Red Bull athlete, Sebastian Keep, gave riders a new-found freedom on the course, entertaining the audience across the four feature format – and we’d have it back in Manchester in a heartbeat.
Well done to all those involved, and here’s to more Manc sporting history!
Logan Martin performs a 540 flair downside whip at Red Bull Featured in Manchester Central (Credit: Red Bull Content Pool)
Georgina Pellant -
10th March 2023 
