Virgin lobbies for Sky to shrink ITV stake
Virgin Media is reportedly lobbying for Sky to reduce its stake in ITV from 17.9% to 5%.
Earlier this week, the Competition Commission ruled that Sky's current stake restricted competition and was "against the public interest".
The Commission will present its full report to the Secretary of State in January, with Sky likely to be required to sell its stake or reduce it in order to restrict its influence over the broadcaster.
Insiders have told
Broadcast that while Virgin Media would prefer Sky sold its entire stake, it will probably campaign for Sky to reduce it to 5%.
http://www.digitalspy.co.uk/broadcas...itv-stake.html
Info from Digital Spy.