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Beleaguered broadcaster to slash programming costs and furlough almost 100 employees

Channel 4 is to cut its programming budget by £150m and furlough almost 100 staff as it fights to survive the impact of the coronavirus crisis.

The broadcaster, which is publicly owned but funded mostly by TV advertising, faces an advertising revenue slump of 50% over the next two months. This week analysts estimated that Channel 4 had the finances to survive for only six months without making cuts.

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