Carlton - United merger off
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United News & Media and Carlton Communications have abandoned plans to merge following last week's Competition Commission report, the companies said today.
United News & Media and Carlton Communications have abandoned plans to merge following last week's Competition Commission report, the companies said today.
The long-awaited report, which gave approval for a merger, had been seen as paving the way for the eventual creation of a single company to run the whole ITV network.
It came eight months after Carlton and United had announced plans to merge in a £8.3bn deal.
Shortly afterwards Granada disclosed it was interested in buying either one of the two companies.
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