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Thursday 06 September, 2007

Office of Fair Trade

OFT ANNOUNCEMENT RE CRR

Office of Fair Trading
06 September 2007


129/07                                                          6 September 2007

                       OFT STATEMENT REGARDING CONTRACT
                                RIGHTS RENEWAL

The OFT has decided that it will conduct a review of ITV's Contract Rights
Renewal Undertakings, which is expected to start in January 2008. The review wil
l be conducted in partnership with Ofcom, and further information will be
published when the review commences.
NOTES
1. The CRR undertakings were accepted in November 2003 following an adverse
finding by the Competition Commission in relation to the proposed merger of the
two main ITV companies, Carlton and Granada. The undertakings allow buyers of
advertising airtime to roll forward their pre-merger contracts, subject to
annual adjustments which reflect the change in ITV's share of advertising
(measured in the form of its share of commercial impacts). The undertakings
created the Office of the Adjudicator which is responsible for monitoring
compliance for the OFT and Ofcom.

2. For a full text of the undertakings and more information on CRR go to
www.adjudicator-crr.org.uk.

MEDIA enquiries: 020 7211+

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