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ITV PLC (ITV)

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Friday 29 October, 2004

ITV PLC

Stake Sale

ITV PLC
29 October 2004



29/10/2004


                      ITV sells stake in Village Roadshow

ITV plc has sold its 18% investment in the Australian media company Village
Roadshow in the open market for a total consideration of £36 million (A$91
million).  ITV began the sell down in August and has sold its remaining shares
this week.


The interest in Village Roadshow was part of Granada's acquisition of the media
assets of United Business Media in 2000, and had a carrying value in the books
of ITV plc of £15 million.


Commenting on the disposal, Charles Allen, Chief Executive of ITV, said:


'We are delivering on our strategy to reduce our non core assets and sold our
investment in Village Roadshow at an average price of A$2.16, compared to a
recent low of A$1.00 in March 2003.  We will use the cash to reduce our debt and
focus on building our core business and we look forward to the launch of ITV3 on
1 November 2004.'


For further information contact:

Press enquiries:

ITV plc                      Brigitte Trafford            020 7737 8719

Citigate Dewe Rogerson       Alex Brown                   020 7282 2837


Investor enquiries:

ITV plc                      Georgina Blackburn           020 7261 3911


                      This information is provided by RNS
            The company news service from the London Stock Exchange