You will be redirected back to your article in seconds

Boss ouster buzz in Brit merger denied

Rumors put to rest about media heads

LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge.

The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV chairman Michael Green and chief executive Charles Allen.

Fidelity Investments has a 10% stake in Carlton and 3% in Granada, which means Bolton could influence the views of other investors. He is understood to have approached a number of media figures about taking over the reins at commercial web ITV.

“Fidelity Investments wishes to state its wholehearted support in all respects for the merger of the two companies as announced in October 2002,” Fidelity said in a statement.

Merger, effectively a takeover by Granada, values Carlton at around & pound;1.2 billion ($1.95 billion). U.K. regulators are still scrutinizing the tie-up.

Carlton and Granada have been criticized over management of ITV, which has struggled to arrest falling ratings. The companies lost $1.6 billion when ITV Digital shuttered last year.

(Reuters contributed to this report.)

More Biz

  • Transformers Bumblebee Superhero Girl

    Hasbro and DC Comics Settle 'Bumblebee' Trademark Dispute

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • Terry Crews

    Terry Crews' Ex-Social Media Manager Claims Actor Defamed Him, Owes Him $1 Million

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • David Nevins, President & CEO of

    Listen: Showtime's David Nevins on How Streaming Has Changed the Game

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • Ajit Pai FCC

    Why a Few Derailments Won't Stop the Media Merger Train

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • Amazon Music Names Andre Stapleton Head

    Amazon Music Names Andre Stapleton Head of U.S. Label Relations

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • Aerosmith Announces ‘Deuces Are Wild’ Las

    Aerosmith Announces ‘Deuces Are Wild’ Las Vegas Residency

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

  • Monster Hunter: World

    Tencent Logs $6 Billion Half Year Profit but Games Slowdown Hits Revenues

    LONDON — A leading shareholder in British TV firms Granada and Carlton Communications dismissed a report on Monday that it wanted to oust the two broadcasters’ bosses once the companies merge. The Sunday Times newspaper reported that Anthony Bolton, an influential U.K. fund manager at Fidelity Investments, was hatching a plot to force out ITV […]

More From Our Brands

Access exclusive content