Channel 4: a fantastic asset for the country
Documentaries, like Educating Essex, have shown us new perspectives, while comedies like Peep Show have kept us laughing and given new talents their big break.
Channel 4 belongs to all of us
This success is linked to Channel 4’s public service broadcasting remit – producing innovative and quality content. Many people do not realise that Channel 4 is publicly owned. It is commercially run which means it funds itself through advertising and doesn’t cost us a penny. In fact, Channel 4 makes up to £2 billion for the economy each year. Profitable and high quality – what’s not to like?
Privatisation of Channel 4 was proposed in 2015 but now this is off the agenda - hurray! The government has even described Channel 4 as a “precious public asset” that will continue to be “owned by the country”.
What's different about Channel 4?
“Of the £938m revenues we made last year, £600m went into content, and £430m of that into the British creative sector. That, for me, is a fantastic asset for the country." David Abraham, former Chief Executive of Channel 4
While there is nothing wrong with commercial channels like Channel 5, Channel 4 offers something unique. Channel 4’s public service mandate means it must be innovative, stimulate public debate, reflect the UK’s cultural diversity, nurture new talent, and champion alternative points of view. This is a big responsibility and has been really successful, making Channel 4 extremely popular with young people and minority audiences. The likes of Channel 5, on the other hand, don’t have to worry about all this, which can be seen in the graph below.