The government confirms Channel 4 Privatization
Breaking news as privatization Channel 4 According to official sources, moving forward. In an email Channel 4 Staff This eveningChief executive Alex Mahn claims that “Last hour “ He was informed that Nadine Doris would soon announce her decision to sell the broadcaster. Confirming the news, an official source said the sale would go ahead as part of a reform package to modernize and sustain the UK public service broadcasting sector.
Although in the words of the government, Channel 4 Currently performing well, they believe that state-owned ownership is holding it back compared to privatization competition like Netflix. Privatization will allow them to borrow money and increase private sector investment:
“The C4 is a great business built around a strong brand that is creative, innovative and unique but the change of ownership will take away its straightjacket, giving C4 the freedom to innovate and grow so that it can be sustainable and prosperous in the future. The whole of the UK is a creative industry. “
They are keen to emphasize that Channel 4, like ITV, will be a public service broadcaster.
Cash from the sale will be reinvested in a “Creative Dividends “*, Investing in independent production and “Extensive creative skills leveling “. * Maybe Peter Manion will charge DCMS for that …