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- "After reviewing the business case and engaging with the relevant sectors I have decided that Channel 4 should not be sold," Michelle Donelan, Secretary of State for Digital, Culture, Media and Sport, said in a statement.
www.reuters.com/business/media-telecom/britain-says-channel-4-will-not-be-sold-2023-01-05/
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Jan 5, 2023 · Channel 4 will remain publicly owned, with reforms to help boost its sustainability and commercial freedom, Culture Secretary Michelle Donelan says.
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- Relaxing The Publisher-Broadcaster Restriction
- Increased Investment in Skills and New Roles
- Greater Access to Capital
- Long-Term Sustainability
Under current legislation Channel 4 is more limited than other public service broadcasters in its ability to make and own its own content. It operates as a publisher-broadcaster, meaning that all its shows are commissioned or acquired from third parties - such as independent producers or other broadcasters - who typically retain the rights to those...
Channel 4 has agreed to enhance its support for the independent TV production sector and regional roles and skills. It will increase its annual investment in 4Skills - its paid training and placement programme for young people - from £5 million to £10 million by 2025. It will double its number of roles outside London from its original target of 300...
To enable Channel 4 to make investments that could put it on a more sustainable footing, the Department for Digital, Culture, Media and Sport (DCMS) will make it easier and simpler for Channel 4 to draw down on its £75 million credit facility. In the event it pursues more ambitious investment opportunities to promote the corporation’s long term sus...
A new statutory duty for the corporation’s board will be created through the Media Bill. The obligation on the corporation’s leadership to ensure the long-term financial sustainability of Channel 4 will be enshrined in law, alongside their existing duties to ensure the broadcaster delivers valuable public service programming. Delivery of this duty ...
Apr 5, 2022 · No price tag has been set by the Government yet, but reports suggest the channel could be sold for as much as £1 billion. Ministers have said they will seek to reinvest the proceeds into the ...
Ministers are consulting on the possible privatisation of Channel 4 – the government’s preferred option - and now peers will investigate its remit and ownership. Channel 4, set up in 1982, is publicly-owned but run independently on a commercial basis with profits invested in content.
Apr 5, 2022 · The government has decided to push ahead with plans to privatise Channel 4, the culture secretary has confirmed. Nadine Dorries said she had concluded "that government ownership is holding Channel ...
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Jul 6, 2021 · The government is considering the sell-off of Channel 4 as it opens a public consultation into its future. The channel, founded in 1982, is funded by advertising but is publicly-owned.
Jan 5, 2023 · Channel 4 has not previously been allowed to make its own programmes - meaning it also doesn't own the rights to hits, which can be lucrative when the shows are sold to other broadcasters or...
