Hiring costs for presenters such as Nigel Farage and Jacob Rees-Mogg balloon while advertisers stay wary of right-leaning channel
Financial losses at GB News grew substantially last year to more than £30m, as the right-leaning news channel invested in hiring presenters to combat the launch of rival TalkTV.
The controversy-prone channel racked up a pre-tax loss of £30.7m in the year to the end of May 2022, a period in which it hired former Ukip leader Nigel Farage to host a nightly primetime show.
