On 21 January 2010 the Court of Appeal (CA) confirmed that British Sky Broadcasting Group plc (BSkyB) must reduce its stake in ITV plc (ITV) from 17.9% to below 7.5%. In November 2006, BSkyB acquired a 17.9% stake in ITV. The acquisition was referred to the Competition Commission (CC) by the Secretary of State (SoS) based on public interest concerns over ensuring that control over the media does not become unduly concentrated (‘media plurality’). The CC report found that BSkyB’s stake gave it material influence over ITV and was likely to lead to reduce rivalry between them. The CC recommended that a partial divestment of BSkyB’s shareholding to below 7.5% would be appropriate. The SoS accepted the CC’s findings. BSkyB appealed the decision to the Competition Appeal Tribunal (CAT) but its appeal was dismissed.

Click here to view 'Secretary of State Intervention'