Jake Kanter International TV EditorEXCLUSIVE: Channel 5’s profit has dropped more than 30% after ViacomCBS’s restructure of its UK channel brands resulted in a £19.8M ($25.6M) programming write-down.The British broadcaster’s operating profit fell to £27.4M in the 15 months to the end of December last year, compared with £39.9M in 2018, according to its annual earnings report.