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Media Boy · 12-12-2007, 17:27

Today I saw an Virgin Media CAR.

---------- Post added at 17:27 ---------- Previous post was at 17:24 ----------

The Competition Commission will advise the government that Sky should reduce its stake in ITV, a report has indicated.

According to the Financial Times, the commission will advise business and enterprise secretary John Hutton that Sky should reduce its 17.9% stake in ITV to between 5 and 10%. Sky acquired the stake in November 2006 at 135p per share; at lunchtime today, shares in ITV were trading at 85p. It is understood that the commission would want Sky to reduce its stake within 6 months of the ruling, which is expected this week.

Sky has offered to place 3% of its shares in a voting trust; ITV, however, has urged a total divestment of the stake.

Info from Digital Spy.

12-12-2007, 17:27	#357
Media Boy Merry Xmas from Media Boy Join Date: Jul 2006 Location: I only post on Cable Forum. Services: Freeview, Freesat from Sky & Virgin TV (Ex-TW) Size XL TV Pack, Sky Sports & Movies package with V+ Posts: 2,104	Re: Virgin Media News Today I saw an Virgin Media CAR. ---------- Post added at 17:27 ---------- Previous post was at 17:24 ---------- The Competition Commission will advise the government that Sky should reduce its stake in ITV, a report has indicated. According to the Financial Times, the commission will advise business and enterprise secretary John Hutton that Sky should reduce its 17.9% stake in ITV to between 5 and 10%. Sky acquired the stake in November 2006 at 135p per share; at lunchtime today, shares in ITV were trading at 85p. It is understood that the commission would want Sky to reduce its stake within 6 months of the ruling, which is expected this week. Sky has offered to place 3% of its shares in a voting trust; ITV, however, has urged a total divestment of the stake. Info from Digital Spy. __________________ I am not Richard Branson. I am just an Virgin Media TV viewer all the news I get is from other Web sites and from newspapers. For the all the infomation on Virgin see here.