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Read this: BSkyB ordered to cut ITV stake |Media |guardian.co.uk

Summary: Sky had challenged an earlier ruling by the Competition Commission and secretary of state John Hutton that it must reduce its holding to less than 7.5. The CAT upheld Virgin's appeal and has proposed a further hearing next month. The satellite broadcaster is understood to be considering yet another appeal, further lengthening a process that began with then chief executive James Murdoch's dramatic decision to snap up ITV shares in November 2006. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  BSkyB ordered to cut ITV stake |Media |g…



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