The government has announced plans to push ahead with a potential £1 billion sale of Channel 4, the 40-year-old public service broadcaster.
Here, we answer the big questions about the largest privatisation effort since the sale of Royal Mail in 2013.
Channel 4 has been owned by the government since it was established by Margaret Thatcher in 1982. Channel 4 is publicly owned, not publicly funded. It has a unique remit to reinvest its profits from advertising in innovative programming from the UK’s independent production sector.
Ministers argue, however, that the ownership model has become a “straitjacket” for Channel 4, preventing it from competing effectively with increasingly powerful streaming giants, including Netflix and Amazon. They said a commercial owner would enable Channel 4 to
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