GOVERNMENT MOVES TO OPEN UP ITV OWNERSHIP

From: Screen Digest | Date: December 1, 1993 | Copyright information

UK government has decided on further liberalisation of rules governing ownership of ITV franchise holding companies. Argument is that some consolidation is necessary to allow broadcasters to compete internationally. Aim is to remove present restriction limiting ITV companies to ownership of only one franchise for a major advertising revenue region; limit is raised to two--except for the two London area franchises--but 20 per cent ceiling on shareholding in a third ...