THE UK's communications regulator Ofcom, has announced that it is consulting on proposals for a new licence for Channel 4, ahead of its current licence expiring on 31 December 2024.

Ofcom said in a press release:- "Our audience research shows that Channel 4 remains a valued part of the UK’s broadcasting landscape. It also continues to deliver content promoting new and diverse voices and perspectives and plays a crucial role in supporting the creative economy outside London. Since Channel 4’s license was last renewed in 2014, the broadcasting sector has changed significantly. Viewing of traditional broadcast TV has seen a long term and substantial decline, while younger people; who traditionally form Channel 4’s core audience; are turning to online video streaming services. Channel 4 is facing financial challenges, a declining audience share, and weakening brand recognition amongst younger audiences. In light of this, Channel 4 has requested to change some of its existing license obligations to support its digital growth and transformation. Our proposed new 10 year license for Channel 4 is designed to support its digital content and distribution strategy while safeguarding its investment in distinctive UK content and protecting the interests of viewers who rely on traditional, scheduled broadcast television. Our proposals include:- maintaining Channel 4’s core evening and weekend news programming, as well as its regional production requirements. We are also proposing to reduce some of Channel 4’s obligations to give it flexibility to increase investment in its online content and services."

Ofcom added that this would be:- "subject to responses to our consultation, which must be submitted by:- 14 February 2024, we expect to publish our final decision on Channel 4’s new license in the spring."