Published On: Thu, Jan 5th, 2023

Plans to privatise Channel 4 axed, government confirms | UK News

Plans to privatise Channel 4 have been axed, the culture secretary has announced.

Instead, it will remain publicly owned, with reforms to help boost its sustainability and commercial freedom.

Michelle Donelan’s predecessor Nadine Dorries had announced during former PM Boris Johnson’s premiership that the broadcaster would be taken out of public ownership.

Announcing the government U-turn, Ms Donelan said: “Channel 4 is a British success story and a linchpin of our booming creative industries.

“After reviewing the business case and engaging with the relevant sectors I have decided that Channel 4 should not be sold.

“This announcement will bring huge opportunities across the UK with Channel 4’s commitment to double their skills investment to £10m and double the number of jobs outside of London.

“The package will also safeguard the future of our world leading independent production sector.

“We will work closely with them to add new protections such as increasing the amount of content C4C must commission from independent producers.”

Source link

Most Popular News