Sky News has begun to slash its freelance budgets as bosses look to cut costs amid a decline in viewing figures.
The Telegraph has seen evidence that the broadcaster has reduced its use of freelance workers in roles including producers and guest bookers.
Staff have reported a sharp reduction in the number of shifts available in recent months.
It comes as Sky News tries to reverse a slump in audience numbers as traditional TV viewing continues its decline.
Figures seen by The Telegraph show Sky’s The News Hour with Mark Austin has pulled in just 47,000 viewers in recent months – less than a third of the 165,000 that tuned into BBC News at Six.
Evening news programme The World with Yalda Hakim, which launched earlier this year, was averaging around 60,000 viewers compared to more than 100,000 at the same time for BBC News. Insiders pointed to a slump in morale among staff as bosses attempted to boost audience numbers while cutting costs.
It comes amid questions over the future of Sky News, which has an annual budget of more than £100m but racks up tens of millions of pounds in losses.
US media giant Comcast guaranteed to maintain the channel’s funding for a decade as part of its $39bn (£30.7bn) takeover, but these commitments are due to run out in 2028.
Comcast has already taken an $8.6bn write-down on its investment in Sky.
Sky is grappling with a broader exodus of viewers from traditional TV to streaming rivals and social media platforms such as TikTok.
It is also contending with the emergence of opinionated broadcasters such as GB News and TalkTV, though both start-ups are also heavily loss-making. Rupert Murdoch pulled TalkTV off air earlier this year after losing at least £90m on the venture.
Source: Sky News slashes freelance budgets as viewing figures slump
