GB News saw its losses jump nearly 40% over the last year but says it has grown its online audience fivefold.
Pre-tax losses at the broadcaster hit £42.4m for the year to the end of May 2023, up from £30.7m a year earlier.
It comes as Rupert Murdoch's TalkTV announced it would cease broadcasting as a traditional television channel in the summer and move solely online.
Last month, presenter Piers Morgan said he was taking his Uncensored show off TalkTV to focus on its YouTube channel.
TalkTV said smartphones were now the primary device where news is consumed.
Similarly, GB News also pointed to its digital audience, saying its online page views rose 431% to 51.9 million.
In comparison, it reached an average of 2.7 million viewers per month, up 17.8% on the year before, but that was only a 0.45% share of linear TV.
The channel, which routinely offers a platform to Conservative politicians including former Prime Minister Boris Johnson and MP Jacob Rees-Mogg, was on Monday reprimanded by the media regulator Ofcom.
It ruled that an episode of Dan Wootton Tonight broke broadcasting rules over comments made on the programme by the actor-turned-politician Laurence Fox about a female journalist, Ava Evans.
The regulator is also investigating the impartiality of the broadcaster following a programme featuring a Q&A session with the Prime Minister Rishi Sunak.
The company, which started broadcasting in 2021, is owned by All Perspectives Ltd, a holding company backed by hedge fund millionaire Sir Paul Marshall and investment firm Legatum, amongst others.
Sir Paul, speaking last year at a conference in London, was reported on GB News as hitting out at "woke capitalism" and "financial cronyism". , external
While GB News almost doubled its revenue its income was still substantially lower than its losses, reaching £6.7m.
Owners including financier Sir Paul are continuing to plough millions into the fledging broadcaster.
Last year GB News received £41m from its parent company, taking the total it now owes it to £83.8m.
"The company has strong support from its investors and the directors have no reason to believe that the level of these contributions might vary to a significant degree or be recalled before the group has the resources to repay the investment," GB News said in accounts filed to Companies House.
The business said that it had an average of 295 monthly employees during the year, with its wage, social security and pension bill totalling £21.2m, or around £72,000 per head.
FAQs
GB News saw its losses jump nearly 40% over the last year but says it has grown its online audience fivefold. Pre-tax losses at the broadcaster hit £42.4m for the year to the end of May 2023, up from £30.7m a year earlier.
How fast is GB News growing? ›
By contrast, GB News appears to have won over viewers. The channel reached an average of 2.7m people each month last year, according to figures from ratings agency Barb, up from 2.3m in 2022. Earlier this week it beat Sky News's viewing figures over an entire day.
Is talk TV in trouble? ›
The rightwing news channel TalkTV, launched in 2022 by Rupert Murdoch's News UK, is to stop broadcasting on television after struggling to match its main rival GB News for ratings.
How do I send a message to GB News? ›
If you would like further information in relation to these or would like to exercise any of them, please contact us via email at community@gbnews.com at any time. You have the following rights: Right of access.
What is the GB News controversy? ›
As of October 2023 Ofcom have found GB News to have breached their licence on six separate occasions, five of those being considered as "significant", although the regulator did not impose any sanctions such as fines or a request for an on-air clarification. 14 additional investigations are still pending.
Is GB News getting good ratings? ›
GB News Radio's audience increased by a staggering 43 percent in the past 12 months, ratings body RAJAR has confirmed. After just two years on the airwaves, GB News Radio now reaches its biggest audience ever, with 455,000 listeners tuning in each week.
Who is the most popular presenter on GB News? ›
Who Is the Most Popular Presenter on GB News?
- Andrew Neil. Veteran journalist and broadcaster Andrew Neil was involved with GB News during its launch and hosted 'The Andrew Neil Show' before stepping down. ...
- Simon McCoy. ...
- Dan Wootton. ...
- Nigel Farage. ...
- Colin Brazier. ...
- Michelle Dewberry. ...
- Gloria De Piero. ...
- Alex Phillips.
BBC One remains the only channel to reach more than half of the viewing population every week.
Why is GB News being investigated by OFCOM? ›
Ofcom finds The Live Desk in breach of our rules on due impartiality. An Ofcom investigation has today found that an episode of The Live Desk, which aired on GB News on 7 July 2023, broke broadcasting due impartiality rules.
Is TalkTV folding? ›
Closure of linear TV channel
In March 2024, it was announced that TalkTV's linear TV channel would close in summer 2024 and that operations would become online only. The closure of the linear television was brought forward to 30 April 2024 and the service rebranded to Talk with the change to being a streaming service.
Both the TalkTalk TV Hub and TalkTalk TV 4K Box offer some unique features, and the low-cost makes it an easy addition to TalkTalk broadband packages. While they don't offer the same level of live channels seen on Sky and Virgin Media's premium platforms, they rival them on price and sports fans are well catered for.
How do I get rid of talk talk TV? ›
You can also cancel by contacting TalkTalk customer service. Once you've cancelled, you'll be able to carry on enjoying your membership for the rest of the month you've paid for.
How do I stop getting GB News? ›
Any request to cancel any of our services or to stop receiving communications from us may be made via email to community@gbnews.uk.
Do you have to pay for GB News app? ›
Price: Free Download Price inclusive of VAT if applicable.
Where are GB News located? ›
How many viewers did GB News have? ›
Some early primetime broadcasts received “zero viewers”, meaning its audience was too small to register on the official rating agency, Barb. By December 2023, TalkTV reached 2 million monthly viewers, behind GB News on 2.87 million, and far behind Sky News's 8.5 million and the market leader, BBC News, at 11.4 million.
What is the most popular news channel in the UK? ›
BBC One remains the only channel to reach more than half of the viewing population every week.
Who else has left GB News? ›
Internally, GB News has also faced turmoil. Presenters Laurence Fox and Calvin Robinson were fired – and Dan Wootton was suspended and left after the eventual Ofcom ruling – after Fox made comments about a female journalist's appearance while appearing on Wootton's show and Robinson later gave him support.
