Read this: BT signals Channel 4 merger ambition - Telegraph
Summary: BT is wading into the debate about the future of Britain's commercial broadcasting industry by signalling that it could merge its television subsidiary with Channel 4. A merger between Channel 4 and BT Vision is being seriously considered as one option for the future funding of the state-owned broadcaster. It is believed that the Government also sees logic in such a tie-up, although a tie-up with BBC Worldwide still remains high on its agenda. - telegraph.co.uk
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