Media regulator Ofcom will unveil initial findings of its Channel 4 funding review in March, according to MediaGuardian. The review was ordered last year and consultants from LEK were appointed in September to review the broadcaster's finances.
MediaGuardian said the review deadline had slipped as the required financial data had not been available, but Ofcom confirmed it would publish its initial review "towards the end of March". Ofcom is then expected to publish its thoughts on future funding mechanisms for Channel 4 later in the summer.
Channel 4 CEO Andy Duncan has long argued that the broadcaster will need some form of public funding in the era of digital-only television.
Ofcom's Channel 4 probe comes as the regulator prepares to publish latest thoughts on the concept of a 'public service publisher'—a new media entity backed by public funding, broadcasting online as well as on traditional networks.
At the same time, MPs on the Commons culture, media and sport select committee are about to probe the funding of public service broadcasting in the digital age.
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