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Read this: Interest grows in Blighty's new local TV network - Entertainment News, TV News, Media - Variety

Summary: To reduce risks for the startup, in October, Hunt forced the BBC to subsidize the plan to the tune of 25 million 40.2 million a year, plus provide coin to help build infrastructure. Adding the BBC subsidy to the plan, optimists calculate that Channel 6 could become financially solvent. Channel 5 has struggled to survive and become profitable, with RTL selling the loss-making station to newspaper and magazine magnate Richard Desmond last year. - variety.com

Read full article: www.variety.com link icon  Interest grows in Blighty's new local TV…



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