LONDON — Scottish Media is set to buy Grampian TV for £105 million ($172.2 million) in a deal that will create a single ITV company for the whole of Scotland.
Scottish Media owns Scottish TV, the regional ITV station for central and southern Scotland, while Grampian broadcasts in the sparsely-populated north.
Scottish Media also includes Caledonian Newspapers, the leading local press group, while its shareholders include the Mirror Group, which owns Scotland’s top-selling newspaper. Combined with an ITV monopoly, this would give Scottish Media an almost unassailable dominance of the media scene in Scotland.
The takeover, which has been agreed in principle by the two companies, is likely to come under close scrutiny from the Independent Television on grounds of competition and public interest.