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.

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About The Author

Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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