Broadcast News

Bookmark and Share

ITV Digital sales to proceed as licence put to tender

The UK TV regulator, the Independent Television Commission (ITC), has ruled that it has not been able to secure additional funding for ITV Digital on terms that would enable it to commit to a long-term sale.
ITV Digital now faces being broken up after its administrators, Deloitte & Touche, also announced that they had failed to sell the debt-ridden company.
The ITC have now said that they will revoke the network's licence and offer it for tender. However, few people see signs of any buyers.
Speaking about ITV Digital in the Metro newspaper, Phil Lines, Controller of Development at Granada Sport said: "I've had the privilege of seeing the business model, and its difficult to see how the platform can be made to work."
However, Nick Dargan, the administrator from Deloitte & Touche, is believed to have received at least six approaches for ITV Digital's assets - but not the company as a whole.
The prospects of a single buyer have also receded further with Deloitte & Touche claims that an additional £100 million (€162 million) would be needed by ITV Digital to break even, on top of the £900 million (€1,457 million) already spent acquiring its 1.26 million customers and the additional £300 million (€486 million) due to be spent in the original Carlton Communications and Granada business plan.
The accelerated sales process is expected to last six to eight weeks - compared to the six to 10 months normally taken for even a routine licence renewal. The ITC is required to approve any licence applicant.
ITV Digital's owners, media groups, Carlton and Granada, are believed to have refused to continue funding ITV Digital because of concerns over the length of time it would take to transfer its broadcasting license to a buyer.
Culture Secretary, Tessa Jowell is set to make a statement to MPs about the ITV Digital crisis and is expected to restate the government's backing for digital television, which Prime Minister, Tony Blair's administration has long championed.
ITV Digital's closure would represent a set-back in the government's plans for the whole of Britain to be switched to digital television by 2010.
Free-to-air digital terrestrial channels such as BBC Choice, BBC News 24 and ITV2 will continue to be available to ITV Digital subscribers, but paid-for services such as Sky Sports and ITV movie channels will not. Television set top boxes would also be up for sale to ITV Digital subscribers.
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

IDT Appoints Polecam UK Partners for Sales, Service, Rental And Support
IDT based out of Pasadena, California in the United States - known for their innovative design and manufacture of industrial high speed digital camera
Masstech Appoints Sales Manager For India
Masstech has appointed a Sales Manager for India. Srinivas Gankidi has over 20 years' experience in the media and entertainment industry, delivering f
LYNX Technik Appoints Director Of Sales
LYNX Technik AG has appointed Daniel Kubitza as Director of Sales. In this position, Daniel will leverage his extensive broadcast industry background
RTS Announces Nominations For North West Awards 2017
The Royal Television Society (RTS) North West Centre has announced the nominations for its annual awards, at an event sponsored by Audio Network. Cat
Football bosses reject ITV Digital's £50 million offer
The future of ITV Digital looked less than assured last night after the Football League rejected the troubled broadcaster's downgraded £50 million for
Source Digital For Debut Of IBC's Startup Forum 2017
Leading technology and service provider specializing in monetization strategies around digital content, Source Digital, has been selected to participa
ITV ARE to form a new division, ITV Interactive, as the unified home for all online and interactive activities and the portal operations of ITV Active
FROM JULY 11, ITV Digital is the new name for ONdigital. ITV Digital is ITV’s pay television platform, leveraging the strength of the ITV brand, and b
RTS North West Announce Awards Shortlist
The Royal Television Society (RTS) North West Centre has announced the shortlist for its annual awards at an event hosted by CBBC presenter Lauren Lay
Prebble quits as ITV chief
The chief executive of ITV, Stuart Prebble, has resigned. Prebble had been under pressure to quit because of the spectacular implosion of ITV Digital.
Troubled ITV Digital goes into administration
An administration order made by Carlton Communications and Granada in relation to ITV Digital has been granted by the High Court in London. Not only d
League rejects "derisory" offer from ITV Digital
A renewed £60 million offer from ITV Digital administrators Deloitte & Touche to Nationwide League chiefs to conclude their contract has been dismisse
SMG settles differences with ITV over digital rights
Following the recent sale of The Scottish Media Group's (SMG) 25% GMTV stake held to ITV plc, the two companies have reached an agreement on the use o
ITV and BBC launch 'Freesat' digital service
ITV has today announced a new service in conjunction with the BBC that will further strengthen its position in the digital television environment. ITV
BECTU call on ITV Digital to honour staff contracts
Collapsed digital broadcaster ITV Digital has been challenged by BECTU to honour staff contracts. Responding to the announcement that ITV Digital woul