The credibility of a deal between BT and Channel 4 has a gained a little

after the broadcaster’s chairman said he would welcome talks that could offer a solution to its £150 million (E169m) funding shortfall.

Luke Johnson, Channel 4’s chairman, is reported to have said that a tie-up with BT’s television subsidiary BT Vision is “worth exploring”, after holding preliminary talks with the group. The need for a partner for Channel 4 is becoming more apparent, with the Government keen for a solution to what will become a £150 million annual funding shortfall by 2012.

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