boring Channel 4 is known as the Channel Four Television Corporation, a statutory corporation,
though this form is more recent than the station itself, having previously been the Channel Four Television Company Limited, a subsidiary of the IBA, between 1982 and 1993.
Towards the end of the 1980s, the government began a radical process of re-organisation of the commercial broadcasting industry, which was written onto the statute books by means of the Broadcasting Act 1990.
Significantly, this meant the abolition of the IBA, and hence the Channel Four Television Company.
The result led to the creation of a corporation to own and operate the channel, which would have a greater deal of autonomy and would eventually go on to establish its other operations.
The new corporation, which became operational in 1993, remained publicly owned and was regulated by the new Independent Television Commission (ITC), created under the same act.
The ITC and its duties were later replaced by Ofcom, which like its predecessor is responsible for appointing the Corporation's board, in agreement with the Secretary of State for Culture, Media and Sport.
In terms of the station's remit and other duties, the creation of the corporation meant little change, however the new corporation would have to manage its own advertising, rather than this being carried out on its behalf by the local ITV contractors (see Funding).
The channel four building is supposedly painted in the exact same colour as the paint use on the Golden Gate Bridge.
CushionOfWealth 1 year ago