A plan to sell off Channel 4 will “cost jobs and opportunities in the North and Yorkshire”, Shadow Culture Secretary Lucy Powell has said.
The broadcaster announced yesterday that the government had decided to go ahead with plans to privatise Channel 4.
The government hopes to raise around £1bn from the sale, with Culture Secretary Nadine Dorries saying public ownership was “holding Channel 4 back” from competing against streaming giants like Netflix and Amazon, and a change of ownership would give the broadcaster “the tools and freedom to flourish and thrive”.
However, Channel 4 said it was “disappointing” the announcement had been made “without formally recognising the significant public interest concerns which have been raised” during a public consultation.
It added: “Channel 4 has engaged in good faith with the Government throughout the consultation process, demonstrating how it can continue to commission much-loved programmes from the independent sector across the UK that represent and celebrate every aspect of British life as well as increase its contribution to society, while maintaining ownership by the public.”
The news comes less than a year since Channel 4 officially opened its new national headquarters in Leeds.