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Paramount’s Channel 5 Increases Operating Profit In 2023 But Takes Hit On Huge $200M Payment To Viacom Interactive Subsidiary

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Story by Max Goldbart
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Paramount's Channel 5 posts profit gains, but a massive $200M payment to Viacom subsidiary drags down the bottom line in 2023.
beat sheet
  • Channel 5's turnover and operating profit both increased in 2023, signaling a strong year for the network despite industry headwinds.
  • The £159.5M ($200M) one-time payment to a Paramount Global subsidiary was the culprit behind Channel 5's overall loss, a surprising financial hit for the typically profitable network.
call sheet
Paramount, Paramount Global, Channel 5
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