ITV chairman Michael Grade has opened a bid for a lifeline from the
taxpayer to keep the broadcaster's regional news services on the air.
warned MPs on Tuesday that the switch from analogue to digital
televison will leave a £100m "funding gap" in regional news and "public
funding might be worth seriously considering".
Andy Duncan, Chief
Executive of Channel 4, told the cross-party media select committee
that Channel 4 News was unlikely to survive in its present form without
He said: "Whilst Channel 4 News is a flagship
public service programme on the Channel, it is expensive to make and
has limited potential for revenue raising.
"As such it is
unlikely to survive in its present form – a one hour peak time
programme, containing 40 per cent international news – in a purely
More on this story in this week's Press Gazette – available to subscribers on Thursday and on newsstands this Friday.