Channel 5 Holdings met its first major deadline on Friday, proving to the ITC that it has at least 70% backing for the new national station if it is awarded the licence next week.
As predicted the media group, Time Warner, has shown considerable interest in backing the venture, with the owner of the Financial Times, Pearson, also promising its support.
The next step will come on December 17, when the ITC meets to decide whether or not to award the licence to the consortium. If it is successful, Carlton and LWT will face tough advertising competition when transmission begins. 0 TV Reports Idx
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.AcceptPrivacy policy
