Competition Commission asks BSkyB to slash ITV stake
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The Competition Commission on Thursday recommended that media giant BSkyB should slash its holding in independent television broadcaster ITV due to substantial competition concerns.
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LONDON -- British Broadcasting Corp., the world's largest public broadcasting company, announced plans yesterday for some of the biggest budget cuts in its 82-year history, slashing at least 10 percent of its staff and more than $550 million.
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Broadcasting Unions demanded on Friday that the BBC drop plans to cut 1,800 jobs or face strike action.
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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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Trade unions at ITV have threatened to strike over plans to close the company's final salary pension scheme
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ITV rejects a merger proposal from the cable firm NTL, saying it undervalues the broadcaster.
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Business & money: BSkyB will urge business secretary not to implement Competition Commission recommendation that it sell shares
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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 British Broadcasting Corp. said Wednesday it was suspending all phone-in contests and interactive quizzes after an investigation exposed several rigged competitions.
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The British Broadcasting Corporation will slash about 2,900 jobs, more than 10 per cent of its staff, in one of the biggest shake-ups in its 82 year history.
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Broadcaster ITV has rejected a 4.74-billion-pound merger proposal from US cable operator NTL, arguing that it &quot;materially undervalues&quot; the company.
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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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Virgin Media accuses BSkyB of "bullying" after talks break down over showing Sky channels on cable TV.
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Sky says: 'Bring it on' Almost a month after the Office of Fair Trading (OFT) recommended Sky's purchase of over 19 per cent of ITV be brought to the attention of the Competition Commission, DTI Secretary of State Alistair Darling has done just that.â¦
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Regulators probing BSkyB's 17.9% stake in rival broadcaster ITV will include Rupert Murdoch's UK newspaper titles in their study.
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TV standards campaigners urge the BBC to drop a broadcast of hit stage musical Jerry Springer - The Opera.
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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.