Channel 5 returns to Project Canvas fold
Wednesday 25 August 2010
Channel 5 has rejoined Project Canvas just a month after walking away, as the broadcaster's new owner, Richard Desmond, said the venture would shape the future of TV.
In July, the broadcaster pulled out of Canvas, which is designed to bring internet TV to the living-room, over its unwillingness to cover its share of the £16m costs. Just weeks later, Channel 5 was sold by RTL to Mr Desmond's Northern & Shell for £103.5m.
The media tycoon has already made his mark at Channel 5 with a £20m cost-cutting drive, which left just two of the former management in place. The return to Canvas is another significant step in his strategy.
"Project Canvas is set to shape the future of broadcasting," Mr Desmond said. "This is important to the future of Channel Five and having an open internet-connected TV platform fits closely with our plans."
Canvas – whose partners also comprise BBC, ITV, BT, Channel 4, Talk Talk and Arqiva – is slated to launch next April. Yet, it could be delayed after first Virgin Media and then IP Vision complained to Ofcom, the media watchdog, that it could restrict consumer choice.
- 1 The difference between a psychopath and a sociopath
- 2 It won’t work, Jeremy: The Health Secretary has lost the confidence of the medical profession in his attempt to reform the NHS
- 3 Uber's real-time nearby cars map is fake, data experts claim
- 4 Kim Jong-un awarded global statesmanship prize by Indonesia
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Nasa discovers yet another rocky exoplanet, and it's only 21 light years away
Labour rallies behind Flint as deputy leader to offset a Corbyn win
Kim Jong-un awarded global statesmanship prize by Indonesia
Dutch King Willem-Alexander declares the end of the welfare state
Calais crisis: Migrants that have made a home in the UK reveal how Britain has matched their expectations
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...