London Daily

Focus on the big picture.
Wednesday, Mar 04, 2026

Channel 4 offers to sell London HQ under alternative plan to privatisation

Channel 4 offers to sell London HQ under alternative plan to privatisation

Broadcaster proposes almost doubling staff outside capital and becoming ‘northern-based’
Channel 4 has said it could sell its £100m London headquarters and almost double the number of staff working outside the capital under plans to become “northern-based” that it hopes offer an attractive alternative to the government’s privatisation push.

Describing itself in the proposals as the “levelling up broadcaster”, it said it intended to increase spending on TV shows commissioned by production companies outside of London by hundreds of millions of pounds annually by 2030, in a move it estimated would create at least 3,000 jobs.

The broadcaster, which is state-owned but commercially funded, said the changes would mean the majority of its 900 staff would be based in locations including its “national headquarters” in Leeds, and hubs such as Glasgow, Bristol, Manchester and Birmingham, with the number of staff working outside London nearly doubling to 600 by 2025.

“Alongside this, we would streamline our presence in London by creating a new London base that reflects our new ways of working,” the broadcaster said in its plan, called 4: The Next Episode, which had been rejected by the government.

“As we embrace hybrid working, and reorient our focus away from London to the nations and regions – a reorientation intrinsic to our existence in public ownership – Channel 4 may require a different scale London base.”

The government eyed the £100m windfall of a potential sale of Channel 4’s headquarters in Victoria, central London, the last time it attempted to privatise the broadcaster but ultimately backed down.

Channel 4’s plan also includes the creation of a joint venture, with an external investor as a majority shareholder, to spend £200m annually on new content and ultimately boost its total programming budget from £700m to £1bn a year by 2030.

Other plans include launching its All4 streaming service globally, targeting younger demographics, which it believes could make a further £100m annually.

Last week, the Department for Digital, Culture, Media and Sport (DCMS) started the formal process to privatise Channel 4 in a wide-ranging white paper shaking up the British media industry, despite widespread opposition across the sector and from Labour and Conservative MPs, arguing it needs to be in private hands to be able to compete financially with global streaming giants such as Netflix.

The government’s consultation received 56,000 responses, with 96% against privatisation.

“Channel 4 is in the most robust health it has ever been,” said Alex Mahon, the broadcaster’s chief executive. “This is an attractive, realistic and sustainable solution while remaining in the hands of the British public.

“There is plenty of evidence [that privatisation] is not what the public want and not what industry want. I’m sure the DCMS do not want to damage the creative industries. But this white paper as it is currently laid out, we need to be very careful we do not create unintended negative consequences for the industry. There are plenty of stages to go in the ownership discussion.”

Channel 4 research estimates that government plans to scrap its unique publisher/broadcaster model, in which programme rights revert to makers allowing them to commercially exploit them after they air, could cost 4,000 jobs and hundreds of millions annually for production companies.

A DCMS spokesperson said: “The government, as the ultimate owner of Channel 4, has made the decision to sell. We are crystal clear that a change of ownership is necessary to give Channel 4 the best possible tools to innovate and grow at pace without asking the taxpayer to effectively underwrite the business.”

It has been speculated in City circles that Mahon – who has extensive private sector experience including spending almost a decade running Elisabeth Murdoch’s Shine, maker of shows including MasterChef, which was sold to her father Rupert’s News Corporation in 2011 – may become involved in a form of management buyout of the broadcaster.

However, on Thursday Mahon ruled herself out of any potential involvement, stating that the future of Channel 4 would lie with the government and UK Government Investments (UKGI), which oversees the state’s ownership of the broadcaster.

“I’ve got to be very clear on delivering the best thing for Channel 4,” she said. “And for that I have got to run the business, be independent of such things, optimise the remit, do that for the next few years. What does or doesn’t get decided through a sales process will not be up to me. That will be up to UKGI and how the government do this. Therefore I am remaining completely independent of that.”
Newsletter

Related Articles

0:00
0:00
Close
Trump Says UK–US ‘Special Relationship’ Is Diminished Amid Middle East Dispute
UK Economic Forecasts Face Fresh Strain from Middle East Conflict and Rising Energy Costs
UK Reaffirms Close US Ties After Trump’s Public Criticism
Reeves Stresses Stability and Fiscal Discipline in UK Budget Update as Growth Outlook Shifts
UK Deploys Royal Navy Destroyer HMS Dragon to Cyprus After Drone Strike on RAF Base
Green Party Surges Past Labour in New UK Poll as Traditional Party Support Crumbles
Majority of Britons Oppose U.S. Use of UK Military Bases in Iran Conflict
UK Intensifies Evacuation Efforts from Oman, Working with Airlines to Boost Flight Capacity
Trump Condemns UK and Spain in Unusually Sharp Rift Over Iran Military Action
Trump Repeats UK Claims That Diverge from Verified Facts Amid Diplomatic Strain
UK Arrests Prominent Figures Linked to Epstein Network as Questions Mount Over US Action
Trump Says UK ‘Took Far Too Long’ to Approve Use of Airbases for Iran Strikes
Scope of Britain’s Role in the Expanding Middle East Conflict Comes Under Scrutiny
Trump Says He Is ‘Very Disappointed’ in Starmer Over Iran Comments
U.S. Embassy in Riyadh Struck by Drones Amid Escalating Iran Conflict
Starmer Confronts Strategic Test After Drone Strike Near British Base in Cyprus
Rolls-Royce Chief Signals Openness to Germany Joining UK-Led Fighter Jet Programme
UK Stocks Slip as Escalating Iran Conflict Triggers Global Market Selloff
UK Overhauls Asylum System to Make Refugee Status Temporary
Starmer Warns of ‘Reckless’ Iranian Strikes Amid Escalating Regional Tensions
British Base in Cyprus Targeted as Drones Intercepted Amid Expanding Iran Conflict
Starmer Diverges from Trump on Iran Strategy, Rejects ‘Regime Change from the Skies’
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
Violent Pro-Iranian Protesters Storm U.S. Consulate in Karachi
Missile Debris Sparks Fires at Dubai’s Jebel Ali Port Near Palm Jumeirah
Iran Strikes U.S. Fifth Fleet Headquarters in Bahrain Amid Wider Gulf Retaliation
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
×