“I believe where possible, it’s best to have companies operating in the private sector, rather than the public sector'
It said the broadcaster will struggle to survive in a media landscape increasingly dominated by the likes of Netflix and has been overly reliant on declining TV advertising to support its business.
Channel 4, which was founded in 1982 by the Conservative government of Margaret Thatcher and is entirely funded by advertising, has resisted privatisation and published a counter-proposal that would allow it to remain under public ownership. It has promised to support the Government’s levelling up agenda, by doubling the number of roles that are relocated outside London to 600 and spending 50 per cent of its commissioning budget outside the capital.
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