> #UK’s Channel 4 flags privatisation would cost nearly $4 bln – The Times
>
>**April 8 (Reuters) – British broadcaster Channel 4 has warned the government its privatisation would cost the economy 3 billion pounds ($3.92 billion) and also put independent producers out of business, The Times reported on Friday.**
>
> The publicly owned but commercially-funded broadcaster presented Culture Secretary Nadine Dorries with documents laying out the drawbacks of a sale, the report said.
>
> The documents set out an alternative to privatisation, giving Channel 4 access to private capital and preserve its public remit.
>
> Dorries, however, rejected the proposals this week when she announced plans to privatise Channel 4 in the biggest sale of a state asset since the Royal Mail, the report said.
>
> Channel 4 had said earlier this week that the UK government plans to sell the broadcaster, which was founded nearly 40 years ago. Last year, ministers had said privatisation would help secure the company’s future as a public service broadcaster. read more
>
> The broadcaster warned the “gross value added” to its supply chain would be 3 billion pounds lower over the next decade if it was sold, according to The Times report, and also flagged “significant risks” associated with privatisation and that ministers would not make as much money as they predict.
>
> Channel 4 did not immediately respond to a Reuters request for comment.
>
> ($1 = 0.7653 pounds)
This is what happens when you have a Culture Secretary who doesn’t care about culture, only money, and is happy to let neo-liberal small state ideology lead decision making over reality.
They’ll sell it to whichever right wing scumbag promises to intellectually fellate the Tories enthusiastically enough, and they’ll make us pay for it.
A taxpayer owned business, that’s doing well and making money.
Sell it
The Tory Party
Considering our Culture Secretary has no clue who owned C4 and how it made money, she has no right in trying to sell it.
No excuse for this bar crass dogmatism. Have a bad habit of damaging Margaret Thatcher’s legacy, this lot. First the Met Office, now Channel 4.
It will also cost us a lot more culturally. Whoever buys it is not going to invest in it, nor turn it into a service rivalling the BBC. It will become more like ITV and Channel 5, with many of its leading talent leaving and the best shows either cancelled or made to change to fit the new agenda.
Nadine Dorries, the person who thought Channel 4 was a fucking perfume
Which I understand as “we don’t like being criticised or asked awkward questions about things we have done wrong”
Meanwhile the post under this currently is about lack of ambulances in the nhs
I guarantee the Tories will fucking appear with this money no problem even though everyone can’t afford heating because of these pricks and their tax hikes.
When it’s bought by a Tory doner to the surprise of none
The trouble with Conservativism is eventually you run out of the people’s assets to sell off.
Tories thrive on spite, rather than economics. Brexit has shown that.
It might cost the economy $4bn, but their friends could make a few quid, and the C4 news has repeatedly outed them as idiots, so fuck the economy, culture, small production companies etc., and drink in those liberal lefty tears.
Little to no help for the rising cost of living but we should spend £4 billion fucking around with channel 4! Got it. Anyone else think this is Tory revenge for channel 4 having a decent news team…..
If the tories still win after all these negative articles that have been coming out then there’s no hope for this country left.
That would be $1B in actual costs, with $3B in “consultancy fees” to the enablers of YET ANOTHER of our societal infrastructures being controlled by non-domestic corporations.
The Torys want Rubery murdoch types to own channel 4. Wonder why
Pure and obvious revenge from our government. A deliberate attempt to supress dissent and a very clear warning to the BBC. There is absolutely no other possible interpretation of this. After C4 the government will start to look at other media sources, expect plenty of “misinformation, fake news and media fairness” legislation soon designed to obstruct the reporting of facts or anything unfavourable to the Tories.
Outside of the corrupt cabinet, can anyone stop this? Or just slim chance of some kind of judicial review
I thought there might be billions involved. The Tories aren’t interested in swindling mere millions any more. They only want to sell off the really big valuable stuff.
“EU membership costs us £350m a week. Let’s spend it unnecessarily on selling a perfectly solvent business instead.”
I think a lot of people are missing the point of this. Sure it’ll make them a little money by way of selling it to some sleazy mates of theirs, while costing us money, but I really don’t think that’s why it’s being done.
This is just them deciding to destroy a news organisation that’s being critical of the government.
More precious national assets sold on the cheap to someone’s mate.
25 comments
> #UK’s Channel 4 flags privatisation would cost nearly $4 bln – The Times
>
>**April 8 (Reuters) – British broadcaster Channel 4 has warned the government its privatisation would cost the economy 3 billion pounds ($3.92 billion) and also put independent producers out of business, The Times reported on Friday.**
>
> The publicly owned but commercially-funded broadcaster presented Culture Secretary Nadine Dorries with documents laying out the drawbacks of a sale, the report said.
>
> The documents set out an alternative to privatisation, giving Channel 4 access to private capital and preserve its public remit.
>
> Dorries, however, rejected the proposals this week when she announced plans to privatise Channel 4 in the biggest sale of a state asset since the Royal Mail, the report said.
>
> Channel 4 had said earlier this week that the UK government plans to sell the broadcaster, which was founded nearly 40 years ago. Last year, ministers had said privatisation would help secure the company’s future as a public service broadcaster. read more
>
> The broadcaster warned the “gross value added” to its supply chain would be 3 billion pounds lower over the next decade if it was sold, according to The Times report, and also flagged “significant risks” associated with privatisation and that ministers would not make as much money as they predict.
>
> Channel 4 did not immediately respond to a Reuters request for comment.
>
> ($1 = 0.7653 pounds)
This is what happens when you have a Culture Secretary who doesn’t care about culture, only money, and is happy to let neo-liberal small state ideology lead decision making over reality.
They’ll sell it to whichever right wing scumbag promises to intellectually fellate the Tories enthusiastically enough, and they’ll make us pay for it.
A taxpayer owned business, that’s doing well and making money.
Sell it
The Tory Party
Considering our Culture Secretary has no clue who owned C4 and how it made money, she has no right in trying to sell it.
No excuse for this bar crass dogmatism. Have a bad habit of damaging Margaret Thatcher’s legacy, this lot. First the Met Office, now Channel 4.
It will also cost us a lot more culturally. Whoever buys it is not going to invest in it, nor turn it into a service rivalling the BBC. It will become more like ITV and Channel 5, with many of its leading talent leaving and the best shows either cancelled or made to change to fit the new agenda.
Nadine Dorries, the person who thought Channel 4 was a fucking perfume
Which I understand as “we don’t like being criticised or asked awkward questions about things we have done wrong”
Meanwhile the post under this currently is about lack of ambulances in the nhs
I guarantee the Tories will fucking appear with this money no problem even though everyone can’t afford heating because of these pricks and their tax hikes.
When it’s bought by a Tory doner to the surprise of none
The trouble with Conservativism is eventually you run out of the people’s assets to sell off.
Tories thrive on spite, rather than economics. Brexit has shown that.
It might cost the economy $4bn, but their friends could make a few quid, and the C4 news has repeatedly outed them as idiots, so fuck the economy, culture, small production companies etc., and drink in those liberal lefty tears.
Little to no help for the rising cost of living but we should spend £4 billion fucking around with channel 4! Got it. Anyone else think this is Tory revenge for channel 4 having a decent news team…..
If the tories still win after all these negative articles that have been coming out then there’s no hope for this country left.
That would be $1B in actual costs, with $3B in “consultancy fees” to the enablers of YET ANOTHER of our societal infrastructures being controlled by non-domestic corporations.
The Torys want Rubery murdoch types to own channel 4. Wonder why
Pure and obvious revenge from our government. A deliberate attempt to supress dissent and a very clear warning to the BBC. There is absolutely no other possible interpretation of this. After C4 the government will start to look at other media sources, expect plenty of “misinformation, fake news and media fairness” legislation soon designed to obstruct the reporting of facts or anything unfavourable to the Tories.
Outside of the corrupt cabinet, can anyone stop this? Or just slim chance of some kind of judicial review
Consider signing the petition against this.
https://petition.parliament.uk/petitions/613995
I thought there might be billions involved. The Tories aren’t interested in swindling mere millions any more. They only want to sell off the really big valuable stuff.
“EU membership costs us £350m a week. Let’s spend it unnecessarily on selling a perfectly solvent business instead.”
I think a lot of people are missing the point of this. Sure it’ll make them a little money by way of selling it to some sleazy mates of theirs, while costing us money, but I really don’t think that’s why it’s being done.
This is just them deciding to destroy a news organisation that’s being critical of the government.
More precious national assets sold on the cheap to someone’s mate.
Stop voting for it.