Channel 4 goes to war over privatisation plan

The manager of Channel 4 has gone into fight with the government more than the privatisation of the Bake Off broadcaster as ministers introduced a consultation on its upcoming.

The main executive, Alex Mahon, painted a darkish photo of existence exterior government ownership just several hours in advance of the Society Secretary, Oliver Dowden, fired the starting off pistol on a probable sale.

He revealed that the Authorities will investigate no matter if marketing Channel 4 following 12 months would offer greater investment decision and monetary protection amid fears that its advertisement-funded small business product may perhaps not endure the increase of streaming giants Netflix and Disney+.

Mr Dowden claimed the It truly is A Sin broadcaster could entry new funds, make strategic partnerships, push into world wide marketplaces and diversify its small business by relocating out of government handle.

Such a go could improve its posture as a community support broadcaster and make sure “Channel 4 keeps its put at the coronary heart of British broadcasting”, he added.

Having said that, Ms Mahon warned that its core reason of serving younger viewers, investing in the regions and supporting the nation’s burgeoning Television set output sector was at danger of “irreversible” hurt from a change into personal arms.

She told MPs on the Society committee that Channel 4’s sale would only access utmost worth if its remit for earning uniquely British exhibits was pared back, boosting fears that ministers may perhaps look for to rein in its posture as a community support broadcaster to bump up the price tag tag.

She also pushed back at the prospect of merging it with rivals these types of as ITV, or offloading it into the arms of American media large, more than fears that its core reason would be eroded by new owners seeking returns for shareholders.

“You have acquired to consider about what the driver is for consolidation. Consolidation is sought by businesses to make bigger and bigger businesses, so they can travel a greater return for shareholders,” she added.