While the season may not be jolly for UK media workers who are losing their jobs, there's a little tinsel for the merchant banks. I was struck by this par from the Guardian Media pages....
"Channel 4 has hired the services of NM Rothschild to assess potential funding solutions, while the Department for Culture, Media and Sport is being advised by investment bank UBS. Meanwhile, the BBC has signed up Goldman Sachs to advise on the future of BBC Worldwide."
No unnecessary duplication there, then.
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