ITV eyeing Channel 4, which could be privatized – .

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ITV eyeing Channel 4, which could be privatized – .


ITV is considering Channel 4, which could be privatized following government review

ITV is considering Channel 4, which could be privatized following a government review.

ITV, listed on the FTSE 100, is among many potential bidders circling the channel, which pulled The Great British Bake Off to the BBC.

Are you planning a takeover? : ITV is among several potential bidders revolving around Channel 4, which pulled The Great British Bake Off from the BBC

Sky and the former Channel 4 boss Lord Grade – who also chaired the BBC and ITV – are believed to be through his company Miroma, the Sunday Times reported.

A takeover would be a bold move by ITV, which is worth £ 4.2bn and led by Dame Carolyn McCall.

He tried to wean himself off advertising revenue by producing blockbuster shows for clients like Netflix.

In charge: A takeover would be a bold move by ITV, which is worth £ 4.2bn and led by Dame Carolyn McCall

Channel 4 is publicly owned but funded by advertising. Ministers began to consult on its future last month, and once this is done, the industry expects the government to pull the trigger on a sale.

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