Mar 14, 2003 • 1 min read

ITV buyers check the layout

Foreign media investors are reportedly eyeing Granada and Carlton, with Charles Allen and Michael Green expected to go under any takeover.

Rumours are rife that media moguls outside the UK are eyeing up ITV companies Carlton and Granada – excited by government moves that might allow a merged ITV, and foreign ownership of British broadcasters. But the consensus is current bosses – Charles Allen at Granada and Michael Green at Carlton – would have to go if a takeover occurs. Certainly some investors in this country, despite a slow recovery in ITV’s viewing figures, have lost patience with the two media chiefs and don't see them running a merged ITV once any merger is complete.

According to the Media Guardian some unnamed interested parties have been talking to current and former ITV bigwigs in a bid to research the potential of the merged network – with venture capital groups Texas Pacific and Apax and American media magnate Haim Saban all rumoured to be considering an acquisition attempt at some point in the next few years.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to CMU | the music business explained.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.
Privacy Policy