The benefits of privatising Channel 4 are "inherently uncertain", according to a new report commissioned by the broadcaster.
Channel 4 has today published a report produced by Ernst and Young (EY) as the government reviews whether it should have a different ownership structure.
It emerged last summer that the government was considering privatising Channel 4. Chief executive David Abraham warned against such a move earlier this month, saying: “Privatisation is a solution in search of a problem."
And EY's report has today questioned the benefits the move would have.
EY said that any consideration of privatisation "needs to be accompanied by a clear statement of the problems that government is trying to address, and the outcomes that government is seeking to achieve".
The report said: "In particular, there is a need to balance the potential (but inherently uncertain) benefits that privatisation may bring against the potential risks to remit delivery if Channel 4 moves from a not-for-profit to profitmaximising status."
EY said that a privatisation process would likely be complex and create uncertainty within Channel 4.
On the report, Abraham said: “This detailed report from Ernst & Young demonstrates that, thanks to a unique model and remit that encourages commercial and creative innovation, Channel 4 has successfully adapted to the changing marketplace over recent years and is sustainable as a standalone business for the future.”
Channel 4’s revenue was £938m in 2014, and Abraham has said he expects turnover to exceed £1bn in 2016.