London Daily

Focus on the big picture.
Monday, Nov 24, 2025

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
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
Zelenskyy Signals Progress Toward Ending the War: ‘One of the Hardest Moments in History’ (end of his business model?)
U.S. Issues Alert Declaring Venezuelan Airspace a Hazard Due to Escalating Security Conditions
The U.S. State Department Announces That Mass Migration Constitutes an Existential Threat to Western Civilization and Undermines the Stability of Key American Allies
Students Challenge AI-Driven Teaching at University of Staffordshire
Pikeville Medical Center Partners with UK’s Golisano Children’s Network to Expand Pediatric Care
Germany, France and UK Confirm Full Support for Ukraine in US-Backed Security Plan
UK Low-Traffic Neighbourhoods Face Rising Backlash as Pandemic Schemes Unravel
UK Records Coldest Night of Autumn as Sub-Zero Conditions Sweep the Country
UK at Risk of Losing International Doctors as Workforce Exodus Grows, Regulator Warns
ASU Launches ASU London, Extending Its Innovation Brand to the UK Education Market
UK Prime Minister Keir Starmer to Visit China in January as Diplomatic Reset Accelerates
Google Launches Voluntary Buyouts for UK Staff Amid AI-Driven Company Realignment
UK braces for freezing snap as snow and ice warnings escalate
Majority of UK Novelists Fear AI Could Displace Their Work, Cambridge Study Finds
UK's Carrier Strike Group Achieves Full Operational Capability During NATO Drill in Mediterranean
Trump and Mamdani to Meet at the White House: “The Communist Asked”
Nvidia Again Beats Forecasts, Shares Jump in After-Hours Trading
Wintry Conditions Persist Along UK Coasts After Up to Seven Centimetres of Snow
UK Inflation Eases to 3.6 % in October, Opening Door for Rate Cut
UK Accelerates Munitions Factory Build-Out to Reinforce Warfighting Readiness
UK Consumer Optimism Plunges Ahead of November Budget
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
Caribbean Reparations Commission Seeks ‘Mutually Beneficial’ Justice from UK
EU Insists UK Must Contribute Financially for Access to Electricity Market and Broader Ties
UK to Outlaw Live-Event Ticket Resales Above Face Value
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
German Entertainment Icons Alice and Ellen Kessler Die Together at Age 89
UK Unveils Sweeping Asylum Reforms with 20-Year Settlement Wait and Conditional Status
UK Orders Twitter Hacker to Repay £4.1 Million Following 2020 High-Profile Breach
×