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The Independent Television Commission has invited applications for Channel 5. The licence is to be awarded later this year, and the station probably on air early in 1997. However, taking a look at the recent success of satellite and cable channels in the UK suggests a difficult future for Channel 5.
Multi-channel television viewers now account for 19% of adults. They appear surprised by just how much use they get out of the new technology, with 45% of satellite subscribers using satellite channels more than expected. Penetration of multi-channel TV varies very significantly by demographic groups. Homes receiving multi-channel TV are much more likely to contain children or young …