300,000 sign petition to stop the privatisation of Channel 4
manchestereveningnews.co.ukA petition set up to try and prevent the government from privatising Channel 4 has garnered nearly 300,000 signatures. The government previously announced its plans to privatise Channel 4, which broadcasts popular programmes such as Countdown and Gogglebox, to improve the money-making opportunities of the broadcaster.
Currently, Channel 4 is a government-owned broadcasting company, which includes channels such as E4 and Film4. Unlike the BBC, which earns its money via public funding, Channel 4 garners money via advertising - it does not make its own shows and any profits made are fed back into programme-making.
The government said: "There are constraints that come with public ownership, and a new owner could bring access and benefits, including access to capital, to strategic partnerships and to the international markets.
Private investment would mean more content and more jobs." Read more: Rishi Sunak's billionaire wife may have saved millions avoiding UK tax due to non-dom status But it appears many members of the public disagree with the money-making opportunities of privatising Channel 4 with 297,7444 people so far signing a petition to try and stop it.
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