Britain's government said it will set out plans to sell Channel 4, the publicly owned but commercially funded broadcaster established in the 1980s, in a policy paper on Thursday.
Channel 4 was created by Conservative Prime Minister Margaret Thatcher's government to deliver an edgy alternative to the BBC and ITV, with a focus on under-served audiences.
"We will be publishing a White Paper that proposes major reforms to our decades-old broadcasting regulations, reforms that will put traditional broadcasters like the BBC, ITV and Channel 4 on an even playing field with Netflix, Amazon Prime and others," Lopez told lawmakers on Wednesday. "This government believes it's time to unleash the broadcaster's full potential and open Channel 4 up to private ownership and investment, while crucially protecting its public service broadcasting remit," she said.
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