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.
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
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