Ministers hope to raise £1bn from sell-off ending broadcaster’s 40 years in public ownership
The culture secretary, Nadine Dorries, is pushing ahead with controversial plans to privatise Channel 4, with the government backing proposals to sell off the broadcaster after 40 years in public ownership.
The government hopes to raise around £1bn from the sell-off, making it one of the biggest privatisations since Royal Mail went public a decade ago. Ministers have suggested they could spend the proceeds to boost creative training and independent production companies, essentially funding their levelling up agenda.
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