Is Balding presenting for C4?
According to this, no it will be Jonathan Edwards from BBC Sport:
"Ade Adepitan and Arthur Williams will join Jonathan Edwards and Kelly Cates to anchor coverage from Channel 4’s London presentation studio, and Rachael Latham and Daraine Mulvihill join Iwan Thomas on the ground in Sochi.
Jon Snow will host live coverage of the opening ceremony with commentary provided by fellow Channel 4 News presenter, Krishnan Guru-Murthy. Keme Nzerem, Channel 4 News’ Sports Correspondent, will report from Sochi across the Paralympics with reports in each evening’s news programmes.
Another member of that 2012 team will also return: with Alex Brooker alongside Adam Hills and Josh Widdicombe for two special Sochi editions of hit entertainment show, The Last Leg. The trio will take a look at the weird and wonderful talking points of the week and also look at the stories and highlights from the Sochi 2014 Winter Olympic and Paralympic Winter Games.
Arthur and Kelly will present the Paralympic breakfast coverage before handing over to Ade and Jonathan who will anchor coverage of events in the mid-morning. The presenting team will be joined by a range of guests over the Games, including summer Paralympic athletes Richard Whitehead and Nathan Stephens, giving their expert opinion on the events and helping give detailed explanations of each of the sports and the equipment used."