The activities that the Channel 4 Television Corporation (C4C)1 is able to carry on include any activities which appear to it:
(1) to be activities that it is appropriate for it to carry on in association with the carrying out of its primary functions2; and
(2) to be connected, otherwise than merely in financial terms, with activities undertaken by it for the carrying out of those functions3.
C4Cs primary functions are:
(a) the performance of C4Cs duties in relation to media content4;
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