BSkyB 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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Media watchdog Ofcom is ordered to investigate BSkyB's controversial purchase of a 17.9% stake in ITV.
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Government orders Rupert Murdoch's network to sell down from 17.9% to 7.5%
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By James Daley  The satellite TV group BSkyB ramped up the stakes in its battle with the newly launched Virgin Media yesterday, taking out television adverts to warn cable customers that they could lose access to many of Sky's channels due to Virgin's reluctance to pay enough for them.
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Britain's Competition Commission has recommended that pay-TV firm BSkyB reduce its 17.9 percent stake in broadcaster ITV to below 7.5 percent because it is anti-competitive.
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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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Virgin Media, the UK's leading cable television company, could be taken private for more than Â£5.5bn.
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Britain's Cable and Wireless is in talks to quit Japan by selling its money-losing Japanese unit to Softbank or an investment firm in Tokyo.
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Britain's Cable and Wireless is in talks to leave Japan by selling its money-losing Japanese unit to Softbank or an investment firm of Tokyo, a report said.
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The 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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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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A slump in value of its stake in ITV causes a loss for broadcaster BSkyB in the final half of 2007.
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The rights to TV programme Who Wants to Be a Millionaire? have been sold as part of a Â£106m deal.
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By TONY McDONOUGH Deputy  MORE than 100,000 cable TV viewers across Merseyside could see up to five Sky TV channels disappear from their screen in the next few days following a row between Virgin Media and BSkyB.
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Reports of a takeover approach continues to surround ITV, the UK's largest commercial broadcaster.
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Chairman Michael Grade says he would be "surprised" if ITV escapes criticism over its use of premium-rate phone lines.
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Business & money: Cable company says it has received a takeover bid and is considering potential sale.