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.
A woman rides in an elevator at Channel 4 Television studios in London, after the government decided to privatise the publicly-owned broadcaster, in London, Britain, April 5, 2022.
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.
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