The UK government continues with its plans to privatize Channel 4.
According to sources, Channel 4 CEO Alex Mahon sent an email to employees this afternoon saying the government had informed the network that it would continue with the proposal made last year.
Canale 4 has offered us a vision of privatization and the sale would take place for about 11 billion (1.3 billion dollars). Დرو ება.
The proposal was first put forward last year by former UK culture secretary John Whitingdale and accepted by current president Nadine Doris, although the decision has been delayed at least twice.
The move will rock the UK television industry and will be the most dramatic change for Channel 4 in its 40-year history when it becomes a private broadcaster.
The unique funding model for Canale 4 sees it generating money from sources like advertising and digital, which is then reinvested in programs, rather than being returned to shareholders.
As such, the sale was flatly opposed by the UK production community, many of which relied on Channel 4’s publishing and broadcasting model. In essence, this allows producers to retain the rights to their programs.
The government is trying to allow the channel to create and sell its own programs, as well as internationally, and have more access to capital.
Companies previously related to the Channel 4 acquisition include ITV, Sky and Discovery.
“With over 60,000 government requests for public comment, it is disappointing that today’s statement was released without formally acknowledging a serious public interest concern,” said a Channel 4 spokesperson. “Channel 4 has made good faith efforts. during the consultation process with the government and showed how it can continue to commission programs much loved by the UK’s independent sector, which represent and highlight all aspects of British life, as well as increase its contribution.. Society; As long as i public goods are maintained.
The spokesman added that “the proposed privatization of Channel 4 requires a long legislative process and a political debate. We will of course continue to work with DCMS, the Government and Parliament to do everything possible to ensure that Channel 4 continues to play its unique role in the creative ecology and national life of the UK. “
Source: Deadline
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