Struggling in what way? Netflix, Apple TV and HBO are all losing by a mile to YouTube. Channel 4 also has a much bigger share of the audience than Apple TV or HBO (which isn’t even listed). It’s doing better than most.

Well I'm speaking beyond the UK here. There's clearly still an appetite for content that isn't just brief brainrot. I think the wider impact of Youtube is absolutely eating into the audience for Channel 4 and further, terrestrial television because for the most part the content from them in the last decade or so was never that much more high-art than a lot of Youtube in the first place.