The Media Show - 28/07/2010

What difference can Richard Desmond make to Channel Five and how long could it take for him to turn the broadcaster around? That is the discussion between its first chief executive David Elstein and media analyst Matthew Horsman, with contributions from Chris Hayward of advertising group ZenithOptimedia. The future of OFCOM is under review this summer, a year after David Cameron singled it out as a quango which "as we know it will cease to exist" under a Conservative government. Its chief executive Ed Richards discusses its - and his - future with Steve. And culture minister Ed Vaizey explains the rationale behind this week's announcement that the UK Film Council is to close. Will the broadcasters, through BBC Films and Film Four, be the winners?