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The report outlines how the broadcaster’s Fast Forward strategy continues to deliver tangible results in a fast-changing media landscape. The channel reported total revenues exceeding £1 billion for the fourth consecutive year, reaching £1.04 billion.

The Channel 4.0 programming is launching on Spotify this week. Programming from Channel 4.0, its digital-first platform, will be made available to all Spotify users on mobile and desktop apps.

Channel 4’s Chief Operating Officer, Jonathan Allan, will serve as interim CEO while the Board undertakes a comprehensive recruitment process over the coming months to ensure continued outstanding leadership into its future.

Full 2023 revenues topped £1 billion for the third consecutive year, representing a resilient performance in a year of significant advertising downturn. Digital revenues increased 10% to £280 million, accounting for 27% of total revenues.

In this newly created role, Rak will assume leadership of Channel 4 Sales, the commercial arm of Channel 4, with responsibility for driving the organisation’s advertising revenue.