The UK government is pressing ahead with privatising Channel 4, though it is by no means guaranteed success as opposition is widespread, not least on its own benches.
The case for, as put forward by the DCMS, is that the broadcaster needs to be private to compete better with Netflix, Prime etc. For example, a private owner would be able to borrow money in the marketplace to invest in content. Meanwhile, the government, which optimistically expects to trouser £1 billion from the sale, says it will spend that money on the independent sector and its ‘levelling up’.
Source: C4: If it ain’t broke, break it