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Read this: Ofcom - Ofcom sets out process for ITV, STV, UTV and Channel 5 licence renewal

Summary: This means that Ofcom can now work towards issuing new 10-year licences ahead of the expiration of the current licences at the end of 2014. However, the Secretary of State has also indicated that she is willing to extend the Channel 3 and 5 licences for a period of one year at Ofcoms request in the event that Ofcom is unable to reach renewal settlements before the required date. Ofcom will carry out an assessment of the financial terms on which the new licences should be offered with a view to publishing a statement in summer 2013. - link

Ofcom - Ofcom sets out process for ITV…

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