Ofcom completes investigation into BSkyB’s shareholding in ITV plc | Ofcom

Ofcom completes investigation into BSkyB’s shareholding in ITV plc | Ofcom

Ofcom has completed it's investigation into Sky's purchase of 17.9% of ITV plc and has warranted that there are public interest issues (in relation to sufficient plurality of news provision for both cross media and television news in the UK).

This has now been passed back to the Secretary of State who will now consider whether to take it to the Competition Commission. That decision will be announced by 26 May 2007.

Sky are doing their best thwarte Virgin Media, who were trying to buy ITV. Soon after Sky also pulled their basic channels from Virgin too.