Report commissioned by C4 board says it could only be sold for more than £500m whether the government radically changed its status
BT is the most likely UK company to tender for Channel 4,according to a new report that estimates a sale protecting the broadcaster’s model might only raise about £500m for the government.
The 74-page report argues that the impact of selling off Channel 4 would be “overwhelmingly negative” for the UK economy, the broadcasting industry and creative industries. The report, and commissioned by Channel 4’s board,rejects the widely reported £1bn potential sale price attached to the broadcaster, arguing it is unachievable unless a buyer was given enormous scope to commercialise the not-for-profit business.Continue reading...
Source: theguardian.com