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Thursday 06 September, 2007

Office of Fair Trade


Office of Fair Trading
06 September 2007

129/07                                                          6 September 2007

                                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.
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

MEDIA enquiries: 020 7211+

Corinne Gladstone 8899                  Alex Hunter 8900
Jonathan Marciano 8133                  Nick Spears 8901
Nnenna Oleforo 8898
Out of hours: mobile: 07774 134814      fax messages: 020 7211 8961
Copies of press notices: Ext. 8993

PUBLIC enquiries: 0845 7224499
OFT reports and consumer information leaflets are available free from:
OFT, PO Box 366, Hayes UB3 1XB 0800 389 3158

                      This information is provided by RNS
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