Video: Fine Tunings


Last week, 46 years to the day after the BBC transmitted its first experimental television program, Britain got a fourth TV channel, joining BBC 1 and 2 and independent, commercial-sponsored ITV on the dials of the nation's 18.5 million licensed sets. Financially, Channel 4 is something of a hybrid. Roughly half of its annual budget of $181 million, which is about $6 million more than BBC 2's and about two-thirds the size of BBC 1's, is to be kicked in, by law, by the 15 producing companies that make up ITV; the...

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