BSkyB has been ordered by the government to cut its stake in ITV to below 7.5 per cent after the Competition Commision ruled the current 17.9 per cent was against the public interest, Media Guardian is reporting.
The order was given by business secretary John Hutton, who has also ordered Sky to “not dispose of the shares to an associated person, not to seek or accept representation on the board of ITV and not to reacquire shares in ITV”.
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