Bid-target ITV poaches BBC boss Michael Grade
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British bid-target ITV  has poached BBC Chairman Michael Grade as its new executive chairman, a major coup for the ailing commercial broadcaster and a heavy blow to the British Broadcasting Corporation.
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The British government ruled on Tuesday that media giant BSkyB must cut its holding in independent television broadcaster ITV to below 7.5 percent, as recommended by competition authorities.
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BBC Chairman Michael Grade will leave to  become executive chairman of commercial TV rival ITV  in  a dramatic defection described by analysts as a boost for ITV,  a source familiar with the matter told Reuters.
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BSkyB is expected to face the government's ruling over the firm's 17.9% stake in broadcaster ITV soon.
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ITV chief executive Charles Allen has earmarked assets for sale worth Â£500m, including the company&#39;s stakes in cinema advertising and football clubs.
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Executive chairman Michael Grade admits 'cultural failings' as viewers are cheated out of millions.
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An internal No 10 e-mail is central to an injunction against the BBC, as the cash for honours probe continues.
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The BBC is about to come under renewed pressure to sell off more of its commercial assets, despite proposals to reshape the corporation unveiled by Mark Thompson, its director general, this week.
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The Competition Commission is to investigate BSkyB's purchase last year of a stake in ITV.
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The BBC Trust is due to meet the corporation's director general Mark Thompson over recent editorial lapses.
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BSkyB, the satellite television company affiliated with the News Corporation, has bought a 17.9 percent stake in ITV, BritainÂs biggest commercial broadcaster, in a move that could thwart the ambitions of Richard Branson, the Virgin Group entrepreneur, to strengthen his position in the British media market. Mr. Branson had hoped to combine ITV with a cable company, NTL, in which he owns an 11 percent stake. The battle for ITV is rooted in a struggle for control of living rooms in Britain, which has one of the highest rates of digital TV and broadband Internet use in the world. BSkyB is the countryÂs biggest pay-TV operator, with more than eight million subscribers to its satellite system. NTL hoped to use the Virgin brand name and the ability to sell a Âquadruple playÂ of television, broadband, fixed-line phone service and cellphone service to gain an edge on Sky.
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Brian Barwick, controller of sport at ITV Plc, the UK&#39;s largest commercial television network, was appointed chief executive of the Football Association, English soccer&#39;s ruling body said.
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The BBC commissions a review led by Britain's former top civil servant into whether its European coverage is biased.
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Australia&#39;s second-ranked television broadcaster, Seven Network, says British-based ITV is not about to sell its stake in Seven.
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The UK media watchdog, Ofcom, highlights possible concerns over competition within the pay TV sector.
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No-brainer Virgin Media went on a PR offensive this weekend. Now that the global credit crunch has put the kibosh on a lusted-after sellout to private equity, boss Neil Berkett was deployed to tell several newspapers about his plan to steady the listing cable firm.â¦
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The BBC is threatened with a complaint to the EC over use of Microsoft software in its iPlayer.