Channel 4 published its annual report this week - and it didn't make for particularly pleasant reading. The Guardian's media correspondent Owen Gibson helps me crunch the numbers and answer the crucial question: what now for C4's beleaguered chairman, Luke Johnson.
Also in the show, we analyse Peter Bazalgette's four-point plan to radically shake up British public service broadcasting in the digital age. Radio correspondent John Plunkett riffs on Ofcom's ruling for Smooth to keep playing jazz. Gareth McLean continues to convince us that Gavin and Stacey is entirely overrated. And Robert Freeman tries to have fun at the expense of poor Richard Quest.
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