 The new corporation, which became operational in 1993, was the Channel Four Television Corporation, and was created to replace the former broadcasting operations of the Channel Four Television Company.It remained publicly owned and was regulated by the new Independent Television Commission (ITC), created under the same act.The ITC and its duties were later replaced by Ofcom, which like its predecessor is responsible for appointing the Corporation's board, in agreement with the Secretary of State for Culture, Media and Sport.