A billion pounds of public money has been invested in building up a publically owned brand. Closing it down represents very poor value for the people who fund the BBC.
Channel 4 successfully operates on this model, there is no reason that BBC Three could not do the same.
Dave and other UKTV brands have very successfully operated on this basis.
BBC Three is an asset with clearly huge value. Selling it to the highest bidder brings in revenues. Closing it down destroys the value it has established.
• All true independents would be offered a share of the channel.
• Original production spending would be increased by £30 million per annum.
• The existing public service obligations of BBC Three would be continued.