BSkyB ordered to reduce stake in ITV

The British government today ruled that broadcasting giant BSkyB must offload some of its controversial 17.9% stake in ITV.

BSkyB ordered to reduce stake in ITV
Tue, 29 Jan, 2008 - 07:07

The British government today ruled that broadcasting giant BSkyB must offload some of its controversial 17.9% stake in ITV.

British Secretary of State for Business and Enterprise John Hutton has told Sky it must sell-down the shareholding to below 7.5% and cannot take a seat on ITV's board.

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CourtsBusinessHeathrowPlace: UKPerson: Secretary of State for Business and EnterprisePerson: John HuttonPerson: HuttonPerson: James MurdochPerson: Richard BransonOrganisation: BSkyBOrganisation: ITVOrganisation: British GovernmentOrganisation: SkyOrganisation: Competition CommissionOrganisation: Allen & OveryOrganisation: Virgin MediaOrganisation: NTLOrganisation: OfcomOrganisation: Office of Fair TradingOrganisation: Competition Commission inquiry
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