Channel 4 privatisation consultation published

Government have published the consultation on C4 privatisation.

Key thing to note is confirmation of the preferred option….

“The government’s preferred option is to facilitate a change of ownership of Channel 4, which it believes will give it greater access to new strategic and investment opportunities, allowing it to compete effectively in a more agile fashion and ensuring it has the best chance of a successful and sustainable future. The government believes this will help achieve its aims for the broader creative industries as set out in its Plan for Growth – to supercharge the sector by driving economic growth, unleashing investment, creating jobs and building on our international competitiveness.

Against this background, the aims of this consultation are therefore to seek views and collect information to help inform the government’s decision-making process on both the objectives the government might want to pursue in a change of ownership of Channel 4, and on the modernisation of Channel 4’s remit and obligations – with specific reference to its social public service value and creative economy impact.”

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