New financial terms for Channel 3 and Channel 5 licences

Ofcom note (PDF, 18 pages) outlining the basis for the proposed reduction in licence fees for ITV1 and Five. The new terms reflect Ofcom's view of what would have been the outcome of a fresh competitive tender for each licence. They shift recovery of licence fees away from the lump sum element and towards the term proportional to the advertising revenue attributable to non-digital homes.

Filed under Media, Ofcom.

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