Channel 4 Hits Back at U.K. Government With New $1.25 Billion Plan to Stay Independent
U.K. broadcaster Channel 4, which is facing the threat of being privatized by Boris Johnson’s government, has revealed an unsuccessful counter-proposal to remain independent. A key element of the proposal, which is titled “4: The Next Episode,” is creating an intellectual property joint venture (JV) proposition with an external investor as majority shareholder, which would see a significant private capital investment into Channel 4 for the first time.
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