The ITC’s approval of the merger of Scottish TV with Grampian TV has had surprisingly little effect on share-prices. Scottish Media Group opened the week at 683.5p and closed the week just 5p lower at 678.5p.
BSkyB has shown no signs of recovery it closed on Friday at 446p, rising only 2p week-on-week. It still has a long way to go to make-up the 25% that has been knocked off its market value in the past few weeks.
The rumours that The European’s owners are considering making a bid for The Independent titles *The European Looks For Independence, is likely to have been a contributing factor in the Mirror Group losing 14p over the week, closing on Friday at 192p. The Mirror Group and Independent Newspapers of Ireland each own 50% of The Independent titles.
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