Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

City File: Carlton bid for ITN tunes in to trouble

Sunday 31 January 1993 00:02 GMT
Comments

THE pounds 45m bid for Independent Television News, led by Michael Green's Carlton Communications, may be running into trouble.

The Office of Fair Trading has been probing the deal for three months and there is mounting speculation that it will refer it to the Monopolies and Mergers Commission.

The grounds for an MMC inquiry would be that Carlton and LWT, another consortium member, own the main domestic rival to ITN - London News Network - and a third consortium member, Reuters Holdings, owns ITN's main rival for international TV news gathering, Reuters TV.

This would bring too much concentration in the industry. However, the MMC may be persuaded that ITN's finances are so perilous that the deal must go through.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in