City watchdog recommends BSkyB cuts its ITV holding

The Competition Commission today said it had recommended that broadcaster BSkyB reduces its controversial 17.9% holding in ITV to below 7.5%.

The City watchdog also said it wanted to see undertakings from BSkyB that it would not seek representation on ITV’s board.

The findings were published ahead of a final ruling from John Hutton, British business and enterprise secretary, in the new year.