LONDON (Brand Republic) 鈥揢 K commercial TV station Channel 5 is looking to lose its soft porn and cheap imported content label as it announced plans to increase its programming budget from £120m to £180m next year.
The proposal is thought to be backed by RTL, the pan-European media company which owns 65% of the channel.
However, the move could unsettle the channel鈥檚 other shareholder, United News & Media, which is expected to quit the TV market following the sale of its ITV business earlier this year.
United and RTL directors have not yet officially approved the funding increase.