United News and Media has bought a stake in Independent Television News from Granada and Carlton Communications. The disposal of the 12% stake for £12.3m in cash brings both Granada and Carlton down to the 20% limit on shareholdings set by the Government. United’s share in ITN now rises to 17% since it already owned 5% through Anglia Television.
The development further reduces BSkyB’s chance of poaching the ITV news contract from ITN. A recent amendment to the Broadcasting Bill allows different news services to bid for the ITV contract, but it also states that all ITV franchises must use the same service.
ITN: 0171 833 3000
United News and Media: 0171 921 5000
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