You will be redirected back to your article in seconds

ITV says BSkyB should sell stake

Company points to competition concerns

Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion.

In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put in a trust, would be inadequate.

ITV highlighted several “strategic investments,” including the soon-to-be-launched Freesat service (a joint venture with the BBC) and plans to buy independent production shingles, which would put it in direct competition with the Rupert Murdoch-backed paybox.

In a provisional ruling last month, the commission said BSkyB’s stake in ITV would influence “key strategic decisions” made by ITV.

The commission will report in December to the government, which will then decide whether BSkyB should give up the stake — an outcome many say looks increasingly likely.

More TV

  • Laura Ingraham

    Fox News Defends Laura Ingraham Amid Calls for Advertiser Boycott

    Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion. In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put […]

  • Netflix Locks Up Deal for ‘Inside

    Netflix Locks Up Deal For ‘Inside the World’s Toughest Prisons’

    Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion. In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put […]

  • The End of the F***ing World

    'Little Boy Blue,' 'La Casa De Papel' Win Drama Prizes at Monte Carlo TV Festival

    Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion. In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put […]

  • KIERSTEN ROBINSON

    Kiersten Robinson Named Universal TV Senior VP, Current Programming

    Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion. In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put […]

  • Gayle King

    TV Anchors Fight to Stay Objective in Coverage of Family Separation at Border

    Commercial broadcaster ITV has said that BSkyB, its biggest single stockholder, should be forced to sell the 17.9% stake it bought a year ago for $1.8 billion. In evidence to the U.K.’s Competition Commission, ITV said any other remedy designed to allay competition concerns, such as BSkyB’s proposal that 3.9% of the stock be put […]

More From Our Brands

Access exclusive content