Nicholas Shott has submitted his final report to Jeremy Hunt advising on the conditions necessary for commercially viable local TV to be sustainable in the UK.
The remit for this work is set out in a letter from the Secretary of state to Nicholas Shott, which said:
“By the end of your study, we will want to understand how the Government can maximise the potential for local television to emerge in the UK and have a clear view of the value for delivering local TV from the point of view of potential investors”.
In particular, it would be helpful to understand the following:
- what are the conditions necessary in which local television can be commercially viable
- the scope of revenue opportunities from advertising or other sources
- which barriers should be reformed/removed to nurture a new generation of profitable local media companies
- how might existing industry players help achieve this.
Nicholas Shott has formed a small steering group to help him with this study. The steering group members are:
- Brian Linden: Partner, Cinven
- Claire Enders: Chief Executive, Enders Analysis
- Baroness Kingsmill CBE: former Deputy Chair of the Competition Commission
- Richard Eyre: former Chairman of Gcap
This steering group is supporting Nicholas in a personal capacity and they remain entirely independent from government. Since July 2010 the group have met over 100 individuals representing a range of media backgrounds to help inform their work.