Competition Commission's Sky ITV stake report in

The Competition Commission has submitted its final report on BSkyB's 17.9% stake in ITV. As previously reported, the Commission has previously raised some concerns regarding Sky's somewhat surprise decision to take a stake in its rival late last year which, despite not breaching media ownership rules, arguably gives the Rupert Murdoch owned broadcaster unfair influence over the UK television market. Virgin Media (then still NTL/Telewest) were the most vocal opponents of the purchase at the time, though ITV boss Michael Grade (appointed after the purchase) has since said he too opposes Sky have such a significant stake in the company. Anyway, the Commission has been investigating it all in more detail, and has now submitted its findings to Business Minister John Hutton, who has the power to force Sky to sell its ITV stake if [a] that's what the Commission recommends and [b] he's willing to take on Murdoch. The Commission have not revealed what is in its report, and Hutton is not obliged to tell us, so it remains to be seen what happens and what we're told.