Channel 4 Privatisation

My Lords, ever since the announcement was made, we have been hearing about all these rare cultural gems which are made possible by the unique way in which Channel 4 is financed and which somehow would not be possible in a red in tooth and claw jungle capitalism. So I have just been looking at what the programming is now. With permission, I will tell your Lordships’ House: “Kitchen Nightmares”, “Undercover Boss”, “Steph’s Packed Lunch”, “Countdown”, “A Place in the Sun”, “A New Life in the Sun” and “Sun, Sea and Selling Houses”. Is it really credible to say that we are defending something which could not be provided by the private sector? Will my noble friend the Minister comment on the disparity between the funds which come from the private sector to independent production companies and those which come from state broadcasters?