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Channel 4 Warns of ‘ Fundamental Impact’ on Organization’s Culture if Privatized, Sets Out Plans for Additional $70 Million Investment

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Naman Ramachandran U.K. public service broadcaster Channel 4 has warned that its public service remit would be compromised in favor of profits if privatized.

In response to a U.K. government Department for Digital, Culture, Media and Sport (DCMS) consultation on the proposed privatization, the broadcaster said: “Moving Channel 4 into private ownership will have an inevitable and fundamental impact on the incentives and culture of the organization.

Under public ownership, the remit permeates Channel 4’s full range of programming – far beyond the specific quotas required by its licence.” “Under private ownership, Channel 4’s fiduciary duty would be to maximise returns to shareholders.

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