will vm try and buy itv again
03-10-2007, 22:40
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#1
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will vm try and buy itv again
after the news on sky will vm try to buy itv again
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04-10-2007, 00:14
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#2
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You ain't seen me, right?
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Re: will vm try and buy itv again
Quote:
Originally Posted by hodgie99
after the news on sky will vm try to buy itv again
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Who knows, and if they do, won't they be hammered by the same anti competition rules as Sky?
I have no doubt that, if they have any cash, they would much sooner pursue some hare brained, publicity grabbing scheme to throw it at rather than investing it in their under performing network where it is really needed.
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04-10-2007, 00:42
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#3
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Cable Forum Team
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Re: will vm try and buy itv again
If Sky weren't allowed to hang on to their shares in ITV due to it being anti-competetive why should Virgin Media fare any better. They after all also run a number of TV channels too.
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04-10-2007, 00:43
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#4
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Re: will vm try and buy itv again
Virgi doesnt have that stranglehold on the PAY TV industry, and Virgin doesnt influence the News broadcasts and political views.
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04-10-2007, 00:46
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#5
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Re: will vm try and buy itv again
Quote:
Originally Posted by grabbi
Virgi doesnt have that stranglehold on the PAY TV industry, and Virgin doesnt influence the News broadcasts and political views.
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Can you give some examples on the last two objections there please?
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04-10-2007, 03:18
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#6
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Re: will vm try and buy itv again
Quote:
Originally Posted by andygrif
Can you give some examples on the last two objections there please?
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In other words Murdoch owns quite a few newspapers and the goverment are scared stiff of him. 
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04-10-2007, 09:48
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#7
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Re: will vm try and buy itv again
The government's agents are the ones suggesting that Sky shouldn't have a stake in ITV, which kind of undermines that argument I would have thought, no?
And the poster did specifically mention influencing news broadcasts not printing. If we follow the logical discussion, then should the BBC be allowed to own BBC One & Two?
Also, ITV own a 40% stake in ITN, should this be allowed?
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04-10-2007, 10:12
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#8
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Re: will vm try and buy itv again
Quote:
Originally Posted by andygrif
The government's agents are the ones suggesting that Sky shouldn't have a stake in ITV, which kind of undermines that argument I would have thought, no?
And the poster did specifically mention influencing news broadcasts not printing. If we follow the logical discussion, then should the BBC be allowed to own BBC One & Two?
Also, ITV own a 40% stake in ITN, should this be allowed?
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The competition commission doesn't work like that. You can establish dominance by building yourself a new TV channel, or supermarket, or whatever, but you can't do it by buying up somebody else's. That's what stopped Asda, Tesco or Sainsburys from buying Safeway - all of them were too big already.
However note that Morrison was allowed to buy Safeway, because (with one or two local exceptions) the transaction would not lead to him dominating the market. Similarly, just because it is ruled that Sky has undue influence in the market thanks to its shareholding in ITV, it does not follow that the same would be true of VM.
IMO, VM's broadcast operation, being of a far more modest scale than Sky's, would be unlikely to worry the commissioner. I think VM would certainly get away with it if they tried, the question now is whether the moment has passed. Lots of factors influence major corporate deals like this and the whole 'sub prime mortgage' scandal has had many knock-on effects in the UK, including availability and cost of capital.
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04-10-2007, 10:26
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#9
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Re: will vm try and buy itv again
I wasn't really trying to ressurect the discussion of whether Virgin would be allowed to buy the stake on offer of ITV, it was just questioning the rationale of the argument that Grabbi was putting forward, which IMO was somewhat flawed.
As it happens, I pretty much agree that Virgin wouldn't have the problems that Sky have had and continue to have now in buying into mainstream media in the UK - but not for the reasons in post #4!
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04-10-2007, 11:37
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#10
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Re: will vm try and buy itv again
Oh, about influencing the news media and political agenda? Sorry, missed that...
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04-10-2007, 13:14
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#11
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Re: will vm try and buy itv again
According to Digital Spy ( http://www.digitalspy.co.uk/broadcas...itv-stake.html) Virgin are calling for a reduced Sky stake in ITV - down to 3%. Would Virgin want ITV if Sky are a share holder?
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04-10-2007, 13:16
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#12
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Re: will vm try and buy itv again
I can't see why not - 3% doesn't buy you too much influence.
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04-10-2007, 16:53
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#13
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Re: will vm try and buy itv again
Virgin were not going to BUY ITV they were going to MERGE with it
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04-10-2007, 16:56
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#14
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Re: will vm try and buy itv again
Quote:
Originally Posted by nicke261192
Virgin were not going to BUY ITV they were going to MERGE with it
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I would rather vm merged than sky getting their grubby mits on it.
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04-10-2007, 16:58
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#15
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Re: will vm try and buy itv again
Quote:
Originally Posted by nicke261192
Virgin were not going to BUY ITV they were going to MERGE with it
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Seeing as we're being particular about the proposed structure of a VM/ITV deal, do you have any details about it, or a link?
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