Channel 4 Sale: UK Culture Secretary Sets Out Privatization Ambitions

In his speech to the Royal Television Society Convention on Wednesday, UK Culture Secretary Oliver Dowden will spell out the Conservative Government’s reasoning for wanting to privatize broadcaster Channel 4. Dowden will argue that new private investment would allow the channel to better keep up with the SVODs such as Netflix and Amazon and will point to Channel 4’s recent deal struck with Amazon for joint rights to the U.S. Open tennis final as the type of deal he would like to see more of going forward. He will claim that Channel 4’s status as a PSB will continue in the event of a sale, with the obligations and requirements that come with it.   As part of its review of the wider PSB landscape, the UK Government recently launched a public consultation on the future ownership of Channel 4 …
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