Menu buttonMENU    UK Free TV logo Freesat
securesearchsettings

 

 

Click to see updates
To join, leave or change ukfree.tv updates by email, enter your email address here:
 

Sky takes GBP251.5m loss on ITV shares

BSkyB has confirmed today that it will sell the shares it has in ITV, as per the many and various courts that said it should.

BSkyB has confirmed today that it will sell the shares it has i
published on UK Free TV

BSkyB's boss James Murdoch seems to have lost £433m of his shareholders money. And £251.5 of that has to be taken soon. Still, he won't be for the chop, will he?



  • 17 November 2006, Sky buys 696,000,000 ITV shares, 17.9% of ITV plc. 114.75p/share, £798.66m
  • 26 February 2007 the Trade and Industry Secretary issues noticed to OFT to investigate under the Enterprise Act 2002 with a view to reducing holding to 7.5%
  • 24 May 2007, after OFT and Ofcom reports the matter is referred to the Competition Commission.
  • 20 December 2007, CC publishes report.
  • 29 January 2008, Secretary of State approves reminded of CC that share holding be lowered to 7.5%
  • 28 February 2008, Sky appears to Competition Appeal Tribunal.
  • 29 September 2008, Tribunal finds against Sky
  • 18 December 2008, Sky goes to Court of Appeal.
  • 28/30 October 2008, Appeal Court hears from Sky.
  • 21 January 2010, Appeal Court rejects Sky's appeal.
  • 8 February 2010, Sky agrees to sell ITV shares. 52.50p/share, holding now worth £365.4m, paper loss of £433.26m


The date that BSkyB must sell the shares by is confidential.

Help with Free satellite?
Can I stop paying Sky and use my satellite receiver to get Freeview ?1
What can I do when my Sky Digibox says 'No Signal' or 'Technical fau2
My Sky box has a "no signal message" - what do I do?3
How do I change the RF output channel on a Sky Digibox?4
Can I use my ex-contract sky digital satellite receiver to get Freeview channels5
In this section
Sky drops BBC EPG listing fees1
Government to stop Sky charging public service broadcasters for "retransmission"2
Using Sky without a card? Let's call that Sky No Card3
Trying to find how much a Freesat from Sky card costs?4
Freesat from Sky cards need updating5
Is Freesat different from Freesat from Sky (fsfs)?6

Comments

Your comment please
Please post a question, answer or commentUK Free TV is here to help people. If you are rude or disrespectful all of your posts will be deleted and you will be banned.







Privacy policy: UK Free Privacy policy.