Consultation: Renewal of the Channel 3 and Channel 5 licences

This document forms part of the process to renew the Channel 3 and Channel 5 public service broadcasting licences, which are due to expire on 31 December 2024. As part of the process to renew these licences, we are required to set the financial terms payable by the licensees.  This consultation sets out the methodology we propose to use to determine the financial terms for the Channel 3 and Channel 5 licences for the period 1 January 2025 to 31 December 2034. We propose to apply largely the same methodology we used when the licences were last renewed in 2014.

In March, the Government published the draft Media Bill, which proposes changes to the regulatory framework for public service broadcasting. The timing of the draft Bill and the final form of any measures it would introduce remain uncertain. The impact such measures may have on licence valuations for the purpose of setting financial terms is also uncertain. In this document we set out the approach we are minded to take regarding the Media Bill.

We welcome comments from stakeholders on the proposed methodology set out in this document by 28 July 2023.

Responding to this consultation

Please submit responses using the consultation response form (ODT, 49.5 KB).