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Broadcaster has not been able to agree a deal with major media buyer over rates for 2019

Channel 4 is facing a costly TV advertising blackout from some major corporate names in a dispute over the cost of buying commercial space on its portfolio of channels.

The row will result in the withdrawal of big-name advertisers including Ariel and Pampers-maker Procter & Gamble, GlaxoSmithKline, Samsung, Reckitt Benckiser and Asda from 1 January if a deal is not reached in time.

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