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Carlton plans revised ITN bid

A revised takeover bid for Independent Television News will be tabled in the next few days, after the original offer from a consortium headed by Carlton Communications lapsed yesterday.

Carlton said that “a new and final offer from an enlarged group of investors will be made shortly.”

It is reported that Granada TV, Scottish TV and Anglia TV will join the original consortium, which includes Central TV, LWT and Reuters along with Carlton.

ITN, the exclusive provider of news bulletins for the ITV web and Channel 4, is jointly owned by all 15 ITV companies. It has just signed a new five-year deal with ITV worth T53.3 million ($ 81 million) a year.

In its original bid, the Carlton consortium offered T1 per share, valuing ITN at just T400,000 ($ 608,000), and promised to invest T30 million ($ 45.6 million) in the company.

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