Guess what has dragged Sir Richard Branson to the new
sroom lately? It’s not Virgin Group, but rival UK pay TV operator BSkyB. The issue cropped up when Branson (holder of 10.6% stake in NTL) called Britain’s Office of Fair Trading to arbitrate, after Rupert Murdoch’s BSkyB purchased a 17.9% stake in the national broadcaster ITV plc. Branson (NTL’s biggest shareholder) is actively blaming BSkyB’s deal as the one ‘distorting competition’. BSkyB’s $1.77 billion investment came at a time when there were talks about a possible merger between NTL and UK’s main commercial broadcaster ITV. As per the current UK media ownership rules BSkyB is prevented from controlling an interest of more than 15% in ITV. Branson is accusing BSkyB’s action of dominating ITV and hampering the interests of other stakeholders.
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
sroom lately? It’s not Virgin Group, but rival UK pay TV operator BSkyB. The issue cropped up when Branson (holder of 10.6% stake in NTL) called Britain’s Office of Fair Trading to arbitrate, after Rupert Murdoch’s BSkyB purchased a 17.9% stake in the national broadcaster ITV plc. Branson (NTL’s biggest shareholder) is actively blaming BSkyB’s deal as the one ‘distorting competition’. BSkyB’s $1.77 billion investment came at a time when there were talks about a possible merger between NTL and UK’s main commercial broadcaster ITV. As per the current UK media ownership rules BSkyB is prevented from controlling an interest of more than 15% in ITV. Branson is accusing BSkyB’s action of dominating ITV and hampering the interests of other stakeholders.For Complete IIPM-Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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