The president of Viacom has played down speculation that his organisation is preparing to buy a major ITV company, claiming that they are too expensive at the moment.
Last month, it was reported that a number of US TV executives had visited London for talks with Granada and Carlton after the draft communications bill lifted the restriction on non-EU companies investing in ITV (see US Media Execs Eye UK Opportunities, Says FT).
Karmazin has not ruled out bidding in future but says he will wait until the communications bill comes into effect next year before making any approach.