BSkyB drops equity holding in BDB
Saturday 21 June 1997
As a condition of abandoning its shareholding, Sky is thought to have negotiated an eight-year programming deal with Carlton and Granada, its two other partners in the consortium.
The Independent Television Commission told Sky to drop its stake last week after the European Commission and the UK authorities expressed concern about power being concentrated in the hands of a small number of players. Analysts said the deal was good news for Sky, as controlling programming will be the most immediately lucrative part of digital television.
The changes to BDB's bid inevitably leaves the ITC open to judicial review. The ITC has said in the past that applicants would only be justified in seeking legal redress if there had been "an unfair enhancement of the bid".
The changes to Sky's role in BDB will mean that Carlton and Granada will either take on the company's pounds 100m stake between them, or will seek another backer in the venture.
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Antonio Martin shooting: Police and protesters clash over teenager's death just five miles from Ferguson, Missouri
- 3 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...