The sale of UK broadcaster Channel 4 has been canceled and might be changed by a set of measures to guard its sustainability, together with the potential to supply reveals in-house.
Tradition secretary Michelle Donelan introduced her resolution in a tweeted letter to Rishi Sunak yesterday. Information Brokers digital audio file.
“After reviewing the enterprise scenario, I’ve come to the conclusion that pursuing a sale is just not the appropriate resolution at this level and there are higher methods to make sure the sustainability of the C4 and the UK impartial manufacturing sector,” he stated.
Asking Sunak to reply with any feedback so far, Donelan has recognized a package deal of measures to make sure that C4 stays sustainable over the long run.
Most significantly, these embrace the potential to supply programming in-house for the primary time, however most significantly, the ultimate resolution on whether or not to simply accept it will likely be made at Horseferry Street.
“I plan to cross laws to calm down the publisher-publisher restriction, giving C4 the flexibleness to create a few of its personal content material and diversify its income extra successfully if it needs to,” he stated.
Learn the letter beneath:
SCOOP: Letter from Tradition Secretary Michelle Donelan to Rishi Sunak confirming her suggestion that Channel 4 privatization WILL NOT proceed. She says there are “higher methods to make sure the sustainability of the C4.”
The precise reverse of what the Johnson authorities has stated. pic.twitter.com/KOH78NVJjt
— Lewis Goodall (@lewis_goodall) January 4, 2023
This story was initially revealed on Display screen’s sister website Broadcast
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