Privatization of U.Ok.’s Channel 4 Formally Scrapped – Latest Hollywood News

It’s official: the controversial plan to denationalise U.Ok. community Channel 4 has been canceled.

The information was introduced by the British tradition secretary Michelle Donelan on Thursday, only a day after a letter of hers to Rishi Sunak during which she beneficial towards going forward with the sale was leaked.

The choice represents a dramatic u-turn by Rishi Sunak’s Conservative authorities to that of Boris Johnson, which was forging forward with privatization proposals final 12 months below then tradition secretary Nadine Dorries.

“Channel 4 is a British success story and a linchpin of our booming artistic industries” stated Donelan. “After reviewing the enterprise case and interesting with the related sectors I’ve determined that Channel 4 shouldn’t be offered.”

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