BSkyB to Appeal ITV Ruling

LONDON, February 21: BSkyB
has confirmed that it will mount a legal challenge against the findings of the
Competition Commission's report on its investment in ITV and the subsequent
ruling that it should lower its stake from 17.9 percent to under 7.5 percent.

Last month, John Hutton,
the Secretary of State for Business, Enterprise and Regulatory Reform, made the
decision to order Sky to lower its ownership in the commercial broadcaster.
Hutton based his decision on the findings of a Competition Commission report
that found that the Sky/ITV deal would result in a substantial lessening of
competition in the British market.

Sky says it will lodge its
application with the Competition Appeal Tribunal (CAT) tomorrow (February 22).
CAT has the power to dismiss the findings and send the case back to the
Competition Commission.

—By Mansha Daswani