BSkyB 'should sell shares in ITV'

Discussion in 'Submitted News' started by Dark Atheist, Dec 20, 2007.

  1. Dark Atheist

    Dark Atheist Moderator Political User Folding Team

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    BSkyB should be forced to sell some of its 17.9% stake in ITV, the Competition Commission has recommended. The regulator said that BSkyB should either sell all of its shares or cut its stake to below 7.5% and promise not to take a seat on ITV's board.
    BSkyB and ITV both said they were studying the report and awaiting a final decision from the government.
    Business Secretary John Hutton has until 29 January to decide what action to take on the report's findings.


    source
    http://news.bbc.co.uk/1/hi/business/7153231.stm