No Offence: Institution

Public Service broadcasting:
Television and radio programmes that are broadcast to provide information, advice, or entertainment to the public without trying to make a profit.

Channel 4:

• A focused statutory mission 
• Guaranteed channel prominence
• No requirement to make a commercial rate of return  

The Result:

• Innovation and risk-taking without cost to the taxpayer.
• Creation of a range of new companies 
• Provided valuable, globally attractive output.
• Forerunner of initiatives to stimulate innovation and growth in the wider UK economy.

Channel 4 a unique broadcasting institution:

• Only broadcaster with significant public service broadcasting (PSB) remit to be entirely
• Only PSB in the world to enjoy a high share among the 16 to 34 age group.
• Only major broadcaster in the world to source its programming entirely from external suppliers.
• Sticks with the ideas that show some promise 
• Relies least on long running "schedule bankers" to underpin its competitive position in the UK market, effectively having to reinvent itself every few years.
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