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Channel 4 and UK regional media development agencies will start a $100 million (£50 million) digital commissioning fund as the broadcaster looks to retain its publicly-funded status whilst enduring tough economic times. The “Next On 4” blueprint it unveiled this week was largely a restating of existing goals, but the “4 Innovation for the Public” (4IP) fund will see a new senior executive report to new media director Jon Gisby to work on digital multimedia productions. Just $40 million (£20 million) comes from C4, the rest from partnerships with regional media funds. C4 also said it wanted to syndicate content to sites like Bebo and MySpace.
C4 has warned for a couple of years it