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Rees-Mogg could soon be for the chop at GB News as debts pile up at broadcaster — ‘We’re probably going to have to have some conversations’: CEO

  • September 21, 2024



Rees-Mogg could soon be for the chop at GB News as debts pile up at broadcaster — ‘We’re probably going to have to have some conversations’: CEO

Rees-Mogg could soon be for the chop at GB News as debts pile up



by marketrent

15 comments

  1. He’d be great at bedtime stories. Get him to read watership down or the demon headmaster for Halloween.

  2. He’s not a terrible presenter, pretty balanced actually, but never gets the timing right and has to cut people off.

  5. Excerpts from [article](https://www.thelondoneconomic.com/news/media/rees-mogg-could-soon-be-for-the-chop-at-gb-news-as-debts-pile-up-383022/) by Jack Peat:

    *Jacob Rees-Mogg’s short-lived spell as a GB News presenter could soon be up as debts pile up at the beleaguered broadcaster.*

    *According to Financial Times’ [Henry Mance], Angelos Frangopoulos has signalled that the former MP for North East Somerset ‘might be past his sell-by date’ after losing his seat in the 2024 general election.**

    *GB News courted several Tory politicians in the early days of the channel, paying more than £660,000 in appearance fees and salaries to MPs from the party at one point, according to analysis by The Guardian.*

    *Unlike in the US, where Fox News and other cable news channels are paid by cable companies for the right to transmit them, UK channels are almost entirely reliant on advertising.*

    *As the FT points out, financially, GB News really isn’t Fox News: its revenues were £15.5 million last year, while Fox News’s were about $3 billion. Total losses [at GB News] have now exceeded £100 million.*
    ___

    *Excerpts from [article](https://www.ft.com/content/31600209-c8dc-4cf9-bcf3-9afdc10781ff) by Henry Mance:

    *There were complications [in June]. Rees-Mogg had lost his seat. In a post-defeat interview, he had said he’d see his viewers at 8pm on Monday as normal. But Frangopoulos seemed worried he might be past his sell-by date. “We’re probably going to have to have some conversations.”*

    *[…] In July, GB News said it would be “closely monitoring” Elon Musk’s antitrust action against advertisers who boycotted his social media platform, X. Frangopoulos, 59, has pitched GB News as a tech company, a “broad-based media company”.*

    *To me, it resembled something less novel: a rightwing tabloid. The issues, the campaigns, the occasional overstepping of the line would be familiar to readers of The Sun, the Daily Mail and the Daily Express.*

    *So would the celebrity clickbait: “Carlos Alcaraz and Emma Raducanu dating rumours have persisted over the past few months, despite nothing to back them up,” began a recent story on GB News’s website, now the 13th-biggest news site in the UK.*

    *It’s no coincidence that a number of its senior staff have come from the Daily Express: the most tribally pro-Brexit of the tabloids, and the one with arguably the most shoestring budget.*

  6. Surely it’s a loss making broadcaster by design. It’s only about trying to control the conversation.

  7. >According to Financial Times’ [Henry Mance], Angelos Frangopoulos has signalled that the former MP for North East Somerset ‘might be past his sell-by date’ after losing his seat in the 2024 general election.

    They guy past his sell by date in the Dickensian era.

  8. You have to question why a man with a (conservative) 9-figure net wealth would even want the job in the first place.

    It’s certainly not for the pay.

  10. Surely he’s lost relevance since he lost his seat. Part of the gimmick was that he was a sitting MP, now he’s just another rich eccentric.

  12. As long as Elle Costello doesn’t go anywhere I’m good to go. The rest of it is garbage. Yes, I’m shallow as a puddle.

  13. Propaganda broadcasters have always lost money unless an Australian multi millionaire is involved.

  14. I thought it started off as a good idea. Didn’t take it long to sink into the mire of conspiracy blx, mischief making subjects, and progressively worse commentators. Apart from having a narrative to drive forward what is the point of it?

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