For a loss-making channel, £32m still seems pretty high to me!
Quote:
GB News loses half its value after Discovery sale
It’s emerged the valuation of GB News has more than halved after Discovery withdrew its investment from the right-leaning channel.
In August, Discovery sold its share following its own merger with WarnerMedia.
According to The Times quoting accounts lodged by Discovery’s UK arm at Companies House, Discovery, which bought its 25% share for £20 million, but sold it for just £8 million.
The share sale values GB News at £32 million, compared with £80 million when it launched in June last year.
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https://www.broadbandtvnews.com/2022...iscovery-sale/