[XIII]

It is definitely a lot to do with cost cutting, they have been honest with the industry about this. They currently have a full commissioning freeze across the summer (aside from current affairs and digital), that's not normal. The report is about their performance in 2022 before the current and significant advertising downturn (which is at least mentioned at the end). This is affecting the whole industry but it has particularly affected C4 this year.

Isn't Channel 5 going through a commissioning freeze as well?