There are concerns bubbling up in the UK television industry that Boris Johnson’s government could revisit the issue of privatizing Channel 4 after it has been left exposed by the brutality o…
pandemic. Channel 4 has been stunned by the sudden advertising downturn and industry sources have said that this could prompt the government into reconsidering plans to sell the broadcaster — an idea it entertained as part of an 18-month review in 2016.
scoring their best-ever audiences, while streamer All 4 is enjoying record engagement. But behind the scenes, Channel 4 is drawing up a plan to significantly cut program budgets, slash executive pay and dip into its emergency £75M credit facility. The cost-cutting strategy will be outlined later today during an all-staff conference call.
One well-placed person suggested the sale of Channel 4 represents “unfinished business” for John Whittingdale, the culture minister. Whittingdale put privatization on the agenda when he was culture secretary four years ago and Channel 4 mounted a spirited campaign against the idea, saying it was a “solution in search of a problem” and could chip away at its public purposes. The government’s 18-month review ultimately culminated in the Channel 4 being asked to move out of London.
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