Following weeks of speculation by the media and consternation on the part of the Football League, administrators announced yesterday that ITV Digital is to be sold off as a going concern.
Some press reports have suggested that Carlton and Granada may ‘buy back’ ITV Digital, minus the incurred liabilities, although analysts view this as unlikely. Shares in Carlton and Granada were up this morning, following last night’s announcements. Had ITV Digital closed, both companies would have been required to pay closure costs, possibly as much as £75 million each.
A further announcement is expected on Thursday.