One year on ...

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The Independent Online
Alliance dalliance

Channel 4's chief executive, Michael Grade, confirms that the station's board is considering an alliance with another big player, in the way that the BBC has linked up with Pearson. But with its most marketable assets and experience in low-budget films, it may veer towards film distribution, rather than a golden repeats service.

The Independent Television Commission's annual programme performance review, for 1994, is published today, the second since the new auctioned franchises came into operation. GMTV, last year judged to have made a very poor start, is likely to receive only minor raps for too many Disney programmes and other blemishes on its children's service. But the good news for investors from the managing director, Christopher Stoddart, is that it has started to make profits, though dividends are probably two years away.