Channel 4: Annual Report

Lord Addington Excerpts

Thursday 21st July 2022 Lords Chamber

[Lord Parkinson of Whitley Bay (Con)]

We are very proud to see the benefits that Yorkshire and other parts of the country have accrued from Channel 4 moving its headquarters. Under private ownership, we will maintain Channel 4’s existing obligations for regional production across the whole of the UK. That is one of the things that is so distinctive about the channel, and which would make it an attractive asset to a buyer.

[Lord Addington (LD)]

My Lords, if the Government have decided that Channel 4 is doing well, which apparently it is, and they would like it to carry on with some of the things it has been successful with, where is the Conservative principle of “if it ain’t broke don’t fix it”, or have we dumped that?

[Lord Parkinson of Whitley Bay (Con)]

It is not about this year’s results; it is about securing the long-term sustainability of Channel 4. Channel 4 is particularly dependent on advertising revenue. Fewer people are watching live advertising. The cost of independent production is rising because of the entry into the market of global streaming giants, so we want to make sure that, in the decades to come, Channel 4 is able to raise the capital to continue doing what it is doing so successfully now.