For each relevant period1, Ofcom must carry out a review of the extent to which the Channel 4 Television Corporation ('C4C')2 has discharged its media content duties3 and prepare a report on the matters found on the review4. Ofcom must publish each such report as soon as practicable after its preparation is complete and in such manner as it considers appropriate5.
If Ofcom is of the opinion: (1) that C4C has failed to perform one or more of its duties in relation to media content6; (2) that the failure is serious and is not excused by economic or market conditions;
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