Virgin mulls legal advice on Channel 5

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The Independent Online
Virgin mulls legal advice on Channel 5

Legal counsel to Virgin TV, a failed bidder for the Channel 5 terrestrial broadcasting licence, say that there are grounds to proceed with legal action aimed at overturning the controversial decision. The Independent Television Commission, which last month awarded the licence to the Pearson/MAI- backed consortium Channel 5 Broadcasting, failed the Virgin TV bid on the issue of programming quality. Backers of Virgin TV, including Richard Branson's Virgin Group, HTV and Associated Newspapers, will meet on Monday to discuss the recommendation. Another partner in the winning group, the Luxembourg-based CLT media group, yesterday acquired a 49 per cent stake in the UK's all-talk independent radio station, Talk Radio.

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