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The Trust has already published an interim statement on its review and concluded that there should be greater clarity to the direction, parameters, and strategic priorities of Worldwide's operations in the UK. The Trust also concluded that there should be changes to Worldwide's detailed control framework to establish a more contained focus for its operations. The Trust will expand on these emerging conclusions when it finalises its review, following the outcome of any negotiations involving Â鶹Éç Worldwide and Channel 4.

The Â鶹Éç has been charged by successive Governments with maximising the commercial value that it can realise from investment by licence fee payers. The purpose of Â鶹Éç Worldwide is to do just that. Through its work it delivers the equivalent of around £9 for every licence fee payer in value created for the Â鶹Éç.

The Trust believes the Â鶹Éç should continue to ensure maximum value is derived from its intellectual property, whilst taking into careful consideration the four commercial criteria set out in the Charter, including compliance with fair trading law and the need to protect the Â鶹Éç's brand and reputation. In its work the Trust will take due account of the views of commercial competitors.

On the suggestion that a proportion of the licence fee should be made available to Channel 4, the Trust believes that solutions to the challenges facing public service broadcasting must find new sources of value, rather than simply reallocate existing funds. Partnerships, such as the one proposed with Channel 4, have a role to play in sustaining the wider UK broadcasting industry. If carried out successfully the Â鶹Éç's partnership plans can deliver better value not only to the industry, but also to licence fee payers. Because of this, it would be premature to pre-judge the outcome of any partnership discussions when there is the potential for benefits to accrue to all parties.

The Trust has also previously stated that there is still a strong rationale in favour of the ‘first look’ arrangements. The ‘first look’ allows for ‘vertical integration’ in the production process, which is common to many broadcasters, to return greater value to the Â鶹Éç and licence fee payers. Through the ‘first look’ the Â鶹Éç can also exercise greater control over the Â鶹Éç's brand and reputation.

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