Sky may have to sell ITV shares
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The Competition Commission recommends that BSkyB should be forced to sell some of its stake in ITV.
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ITV, the nation's biggest commercial television network, on Wednesday forecast further falls in crucial advertising revenues after a poor 2006 -- a year in which it also got a new chief executive and faced a takeover bid.
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By Rupert Steiner, The Business, London  Mar. 3--BskyB, Rupert Murdoch's satellite empire, stands to lose up to  Â£60m (E89m, $117m) in its next financial year from its increasingly heated  spat with Sir Richard Branson's Virgin Media group.
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ITV, the nation's biggest commercial television network, announced Wednesday that net profit declined last year and it forecast further falls in crucial advertising revenues.
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Business & money: Fears that shares will end up being nearly worthless.
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Virgin Media, the UK's leading cable television company, could be taken private for more than Â£5.5bn.
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WELLINGTON (Dow Jones)--New Zealand&#39;s monopoly pay television operator Sky Network Television Ltd. (SKY.NZ) said Thursday it is in merger talks with its majority shareholder Independent Newspapers Ltd. (INL.NZ).
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ITV, the biggest British commercial television network, on Wednesday forecast further falls in crucial advertising revenues after a poor 2006 -- a year in which it also got a new chief executive and faced a takeover bid.
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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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Â· Law could force firms to hand over 51% of sharesÂ· Wealth would reward supporters, say analysts
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A ruling on BSkyB's controversial purchase of a stake in ITV is expected to be published on Thursday.
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The company may be hinting at going public.
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NEW YORK  - Rupert Murdoch's News Corp. Ltd. will sell its stake in Sky Latin America to DirecTVGroup , another company which it controls, for $579million in order to consolidate operations of the two satellitebroadcasters, the companies said on Monday.
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Interactive quiz channel ITV Play says its viewers are given a fair deal, despite it making millions..
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ITV, Britain's biggest commercial television network, announced Wednesday that net profit declined last year and it forecast further falls in crucial advertising revenues.
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Reports of a takeover approach continues to surround ITV, the UK's largest commercial broadcaster.
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Annual profits at broadcaster ITV fall  as a result of a continuing decline in advertising revenues.