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For people outside the UK, Channel 4 is a national broadcaster in the UK with a remit to cater to minority interests and under-deserved audiences - as well as producing more popular content. Their funding comes from advertising - a unique situation which means they are a public service broadcast (PSB) who does not rely on an a license fee or public funding. This means Channel 4 content runs the gamut from trashy or 'low-brow' TV programming to more serious documentaries, high-end drama, arts and serious investigation reporting. The more 'popular' or 'low brow' programming brings in advertising to help fund the less popular, more specialised content.

The plan to privatise Channel 4 will kill much of the public service programming. The Government Minister that oversees Channel 4 is Nadine Dorries ("Culture Secretary"). She is so clueless, she was even unaware that Channel 4 was not publicly-funded when previously interviewed by other politicians.

Also, Channel 4 News is often less 'timid' than BBC News when investigating government actions. In a 2019 speech, the Channel 4 News boss said the media have the right to call politicians 'liars'. That can’t have been popular with the current Government (which enjoys the support of most national newspapers in the UK). Here is an example of a news interview of a government minister from Channel 4 News. You are unlikely to find something similar on BBC News:

Michael Gove interview on truth, lies and Brexit: https://www.youtube.com/watch?v=NO2zT9-B2X4