TV

update: BskyB ordered to cut back ITV stake

British pay-TV firm BSkyB will learn today whether it gets to keep its 17.9% stake in ITV. BSkyB bought the stake in 2006 for £940 million which blocked what is now Virgin Media from buying ITV. A ruling by the Competition Commission lowered BSkyB's stake to 7.5% and the channel should get the results of its appeal today. For more information see the International Herald Tribune's story.
September 29, 2008

British pay-TV firm BSkyB learned today that it must cut its 17.9% stake in ITV to below 7.5%. So ruled the Competition Commission. BSkyB bought the stake in 2006 for £940 million which blocked what is now Virgin Media from buying ITV. For more information see the BBC News story.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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