United Kingdom

Channel 4 sales expected to raise more than 1 1 billion for the largest privatization since Royal Mail UK | news

The government has pushed the privatization process forward with a controversial move wave despite the broadcaster’s call to keep it in the public domain.

The channel will reportedly be sold by the government for at least միլի 1 billion, the largest privatization in nine years since Royal Mail became privatized.

The move risks a wave that some see as a pillar of British culture, falling into the hands of streaming platforms such as Netflix or Amazon Prime.

The new leading media bill, due to be debated in the Queen next month, will allow ministers to sell the channel before the next election.

This happened after a series of clashes between the Tories “Channel 4” before the 2019 elections.

That same year, Dorothy Byrne, the head of Channel 4, called Boris Johnson a “famous liar” and compared him to Russian President Vladimir Putin during a talk show at a TV festival.

Similarly, former Channel 4 host John Snow was filmed shouting “f *** the Toris” in 2017 in Glastonbury.

A government source told the BBC. “The ministers have decided that while Channel 4 is doing well as a business at the moment, it is holding back government ownership amid a rapidly changing competitive media landscape.

“The fourth channel is a great business, around which a strong brand has been created, being creative, innovative and different, but the change of owner will remove his straitjacket, which will allow the fourth channel to innovate and develop so that it can flourish and prosper in the future.” ել Support the UK’s creative industry. “

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They added that there should be a “long legislative process – political debate”, saying. Channel 4 remains legally committed to its unique public service mission. both our viewers and the British creative economy across the UK. ”

Lucy Powell, the Labor Party’s shadow culture secretary, criticized the decision, saying: “The fourth channel, which will not cost the taxpayer a penny, what is most likely a foreign company, is absolutely meaningless. It will cost jobs. “Opportunities in North Yorkshire hit the wider British creative economy.”

Channel 4 was founded in 1982 during the reign of Margaret Thatcher, was created to serve a poor audience, to act as a disruptor to the BBC and ITV.



Channel 4 sales expected to raise more than 1 1 billion for the largest privatization since Royal Mail UK | news

Source Channel 4 sales expected to raise more than 1 1 billion for the largest privatization since Royal Mail UK | news

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