Model 4 - Broad competitive funding
Commercial PSBs don't retain special roles. Funding available for public service content beyond the BBC, via long-term transferable contracts for specific purposes awarded competitively through a funding agency. BBC retains core market failure role.
Model 4 - Broad competitive funding
The commercial PSBs do not retain special institutional roles. Instead additional funding is made available by government for public service content beyond the BBC. Long-term but transferable contracts for meeting specific public service purposes would be awarded competitively through a funding agency. Those contracts would be open to bids from a wide range of organisations, including the existing PSBs. The BBC would have a core role in areas where the market is unlikely to deliver but where a competitive process would be difficult to specify.