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Robert Peston leaves BBC for ITV role

2015-10-07 16:31:35| BBC News | Business | UK Edition

The BBC's economics editor, Robert Peston, is poached by ITV where he is expected to present his own show.

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Liberty Global increases stake in ITV to 9.9%

2015-07-31 10:36:00| Telecompaper Headlines

(Telecompaper) Liberty Global has purchased 138.7 million shares in UK commercial broadcaster ITV. This increases its existing stake to a total of 398.5 million shares or around 9.9 percent of ITV's ordinary shares. Liberty Global CEO Mike Fries said that ITV was a well-run company with attractive growth potential. Liberty Global first acquired a stake in ITV a year ago, buying 6.4 percent from Sky for GBP 481 million. The company said it was looking to cooperate with ITV on developing content for its cable networks. Liberty Global controls the UK cable operator Virgin Media, as well as cable networks across multiple countries in Europe. It has been increasing its investments in content in the past year, buying also Belgian and Irish broadcasters. 

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ITV profits up 25% despite ratings fall

2015-07-28 09:45:06| BBC News | Business | UK Edition

Half-year profits at ITV rose by 25% as revenue increased across all divisions, but the broadcaster's share of viewing across its channels fell 4%.

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ITV advertising profits strong

2015-05-14 08:38:04| BBC News | Business | UK Edition

Broadcaster ITV sees a 14% rise in net revenue, beating forecasts, says the company in its first-quarter results.

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Liberty Global rules out bid for ITV

2015-03-23 08:35:00| Telecompaper Headlines

(Telecompaper) Cable group Liberty Global ruled out a bid to acquire UK broadcaster ITV. Liberty is ITV's second-largest shareholder with a 6.45 percent stake. However CFO Charlie Bracken told the Financial Times that ITV "looks awfully pricey". He added that the company does not plan to invest "billions of dollars in content that's not our game". A former Goldman Sachs banker, Bracken also said that Sky, Liberty's pay-TV rival, "is in trouble" over the next 5-10 years, due to its reliance on satellite technology. Europe's telecoms market will be dominated by "three or four players" within two decades, he predicted Deutsche Telekom, Vodafone, Liberty Global and possibly France's Altice. Bracken suggested that BT would be acquired, while Sky would focus on programming. Sky would face tough competition from Amazon and Netflix, who were ready "to bid hard with low margins". Liberty is focused on two strategic questions, according to the CFO. First, "how important is convergence going to be", and second, "what are the economics of content"? Bracken said acquiring a UK mobile operator would not make sense for Liberty, as its Virgin Media cable network does not cover the whole country. It could be practical in the Netherlands and Belgium, where Liberty has a "national footprint".

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