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Article: Hollick secures a stake in HTV as fight for franchises hots up
- Article from:
- The Independent (London, England)
- Article date:
- October 25, 1996
- Author:
CopyrightCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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United News and Media, Labour peer Lord Hollick's conglomerate,
will today announce that it is buying a 20 per cent stake in HTV,
the ITV licence holder for Wales and the West, launching the
long-awaited consolidation of Britain's commercial television
sector.
The purchase of the stake, from Scottish Television., will be
seen in the City as proof that Lord Hollick intends to mount a full
bid for HTV, one of the leading takeover candidates among the ITV
companies.
United already controls the Meridian and Anglia TV franchises.
United News and Media may also be planning to sell its 14 per cent
stake in Yorkshire- Tyne Tees, the northern-based ITV company, to
Granada, which already controls 27 ...