GB News Faces Mounting Losses Amid Ambitious Growth Plans

Despite a significant increase in audience and revenue, the broadcaster's losses widened to £42.4 million in 2023.

GB News's losses increased to £42.4m in 2023, up from £30.7m in 2022, despite a significant rise in revenue and audience numbers.
The broadcaster's financial strain is attributed to heavy investments in high-profile presenters and a growing wage bill, which surged to £21.2m.
GB News has deepened its reliance on billionaire hedge fund investor Paul Marshall, with money owed to the parent company doubling to £83.8m.
Ofcom has launched multiple investigations into GB News for potential breaches of broadcasting rules, including issues of impartiality and offensive content.
Despite challenges, GB News aims to become the UK's largest news channel by 2028, with digital revenue and online engagement showing strong growth.