The ITC is inviting comments on draft proposals for the procedure it intends to follow when considering applications from ITV licencees to renew their licences.
Channel 3 licencees, including GMTV and Teletext, can, if they wish, apply to have their licences renewed with effect from 1 January 1999. This is despite the fact that existing licences do not expire until 2002. The provision for early renewal was made in the 1990 Broadcasting Act.
The ITC sets out the financial terms for renewal. There is no bidding process and a licensee has to accept the terms offered by the ITC. If these terms are not agreed to then the ITC has to put the licence out to open tender. The ITC can also refuse to renew a licence if the licensee does not appear to be honouring licence commitments.
Applications to renew a licence with effect from January 1999 must be received by the ITC by 31 December 1998 at the latest.
When considering a licence, the ITC will consider the amount, which, in its view, the licence would be worth if it were open to competitive tender.
The ITC: 0171 306 7738
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