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Read this: Evening Standard eyes local TV channel contract - Marketing news - Marketing magazine
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Summary: It is likely that funding of 40m for an initial network of 10 to 20 stations will be provided by licence-fee payers, to cover the set-up and three-year running costs. However, Hunt scrapped plans to create a national spine channel on the Freeview platform last month. He will instead allow contractors to operate individually licensed stations as opposed to the top-down approach of a centralised local TV channel. - marketingmagazine.co.uk
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