Channel 4 facing axe as former chairman hints at sell off 'Status-quo can't continue!'

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Channel 4 facing axe as former chairman hints at sell off 'Status-quo can't continue!'

The former Chair of Channel 4 has warned the struggling broadcaster will need to be privatized amid slumping viewing figures. Lord Johnson was invi

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The former Chair of Channel 4 has warned the struggling broadcaster will need to be privatized amid slumping viewing figures. Lord Johnson was invited to give evidence in the House of Lords on the future of the channel and told the committee that Channel 4 was in irreparable decline and the status-quo “can’t continue.” He slammed the broadcaster’s lack of value for the taxpayer and urged the Government to act now or lose out when the channel is eventually sold off. 

Mr Johnson told the House of Lord’s committee: “Channel 4, I am afraid to say, is the very definition of an organisation that suffers from producer capture.

“The producers, the independent producers, and the staff have totally captured the organisation I am afraid to say, so of course they want the status quo to continue because it suits them.

“Does it suit the shareholders,who is the taxpayers? Does it suit the audiences? Does it suit the country as a whole? Much less convinced.

“So I think [Michael Ian Grade, Baron Grade of Yarmouth’s] fundamental point which is the status-quo can’t continue is probably right.”

He added: “Better to seek value for the taxpayer and a safe home for the organisation in a deregulated format with a new remit.”

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