Information  X 
Enter a valid email address

ITV PLC (ITV)

  Print      Mail a friend       Annual reports

Tuesday 23 May, 2006

ITV PLC

Disposal

ITV PLC
23 May 2006

                 ITV Disposes of stake in Seven Network Limited


ITV plc ('ITV') today announces the sale of a 11.6% stake in Seven Network
Limited, the Australian Media Company, for £87 million.


The disposal represents a further step in the disposal programme of non-core
assets which has raised close to £400m in cash since the creation of ITV in
2004.


ITV retains its strong interest in the Australian television production sector
through its wholly-owned subsidiary Granada Productions Pty Limited.




                                     -ENDS-


Contacts:

Analysts Tel:                                             020 7620 1620
Georgina Blackburn            Head of IR

Media

ITV Tel:                                                  020 7396 6000
Brigitte Trafford             Communications Director
Jim Godfrey                   Head of Corporate Affairs

Citigate Dewe Rogerson Tel:                               020 7638 9571
Simon Rigby
Anthony Kennaway

Notes to Editors:

About ITV

ITV is Britain's biggest and most popular commercial broadcaster, with 82% of
people in the UK watching ITV in any week. ITV's flagship channel - ITV1 - is
the home of the most popular drama and entertainment programmes on British
television and ITV2, 3 and 4 are among the most popular channels on
multi-channel television.

Granada Australia is one of Australia's leading independent television
producers. Its recent and current programme slate includes Merrick and Rosso
Unplanned (Nine Network); World Comedy Tour (Nine Network, Foxtel, Comedy
Central USA); Dancing with the Stars Series 4 (Seven Network and TVNZ); Guinness
World Records (Seven Network); Australia's Next Top Model Series 2 (Fox 8); and
Australian Princess (Ten Network). It is also currently working on Get Nicked, a
situation comedy starring Australian celebrity Nick Giannopoulos for the Seven
Network. Dancing with the Stars was the sixth most watched series of 2005 and
the Final of Dancing with the Stars was one of the most watched shows in 2005.



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