ITV to buy Channel TV

ITV has announced plans to buy Channel Television, the commercial TV broadcaster in the Channel Islands, in a move designed to consolidate the Channel 3 network.
The public service broadcaster has entered an agreement to buy Channel Television from its owner, the Yattendon Group, for an undisclosed fee.
Should competition authorities in Jersey approve the takeover, it would give ITV control of the broadcaster that has been on air since 1962 serving around 150,000 people in the Channel Islands.

The deal would also give ITV ownership of 12 of the UK’s 15 Channel 3 franchises, leaving just STV’s Scottish TV and Grampian TV licenses in Scotland, and the Northern Ireland franchise held by UTV.
In a short statement to the London Stock Exchange, ITV said: “ITV plc announces that it has entered into an agreement with Yattendon plc to acquire Channel Television subject to the approval of the Jersey Competition Regulatory Authority.”