Franchise Auction and Regulatory Challenges in Television Industry

This chapter explores the historic franchise auction in the television industry starting in 1985, focusing on the acquisition of Thames Television and the intricate regulatory hurdles faced despite legal agreements. It discusses the Thatcher era shift in broadcasting systems and the meeting at 12 Downing Street recognizing the need for system overhaul. The chapter also highlights the significance of competition, quality thresholds, and ownership dynamics in shaping the British television landscape.