Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update BSkyB can challenge on ITV sale at General Satellite News forum; BSkyB can challenge on ITV sale Waaaay back in November 2006 BSkyB spent a spectacular 940m to buy up a ...

Reply
 
LinkBack Thread Tools Display Modes
Update BSkyB can challenge on ITV sale
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100971
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
Update BSkyB can challenge on ITV sale - 23-March-2009, 13:20

BSkyB can challenge on ITV sale

Waaaay back in November 2006 BSkyB spent a spectacular 940m to buy up a 17.9% stake in UK commercial network ITV. The deal was done largely and successfully to thwart Skys arch-rival Virgin Media and its own ambitions to acquire a major stake in ITV. Ever since theres been a game of legal ping-pong between assorted British regulators and BSkyB.

The regulators have argued that BSkyBs presence in ITV is anti-competitive, not fair, not cricket, a bit smelly, and generally something that was never going to be given to a British broadcaster that was at the time headed by Rupert Murdoch.

Sky has tenaciously argued its corner with the Competition Commission, and assorted appeal tribunals, and on March 20 was granted Leave to Appeal directly to the High Court. Lord Justice Carnwath ruled today that "the issues raised by the proposed appeal are arguable and of some general importance" and so Sky has been granted its day in court.

BSkyB said only that it welcomed the decision. The hearing will be some months off, during which time ITVs share price is not likely to recover from their current miserable 21p. When Sky bought into ITV they stood at 135p.
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox