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 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.