Instead you get a media-station which is entirely dependent on continued blessing from the government. So much better.
That severely limits how impartial it gets to be, and the similar system we have in Norway has consistently proven to provide media-coverage leaning further to the left than the general population does.
It's not a disaster by any means, but I wouldn't argue it's "impartial" either. And I can definitely see why some people would chose not to fund it if given the option.
Both public and private media are in my opinion necessary parts of an overall functioning and thus independent media system. This system, like every complex system, is only able to achieve "impartiality" from a certain point of observation, in this case that of the comparing listener/reader/viewer basing judgement on multiple outlets.