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Channel 4′s chief executive David Abraham has announced he is to stand down from the role later this year.

With the UK broadcaster facing ongoing uncertainty over its long term future, Mr Abraham announced he would remain in post until a new chief executive is appointed and in position by the end of 2017.

Ministers are still weighing a range of options for Channel 4 including privatisation and a proposal to relocate at least part of its operation to Birmingham.

Mr Abraham said in a statement:

After several successive years of positive momentum and with revenues now of around £1bn, investment in content of £700m and sustained creative performance, I have decided that 2017 is the right year for me to hand over this important public job to my successor.

Copyright The Financial Times Limited 2017. All rights reserved.

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