Daily Mail and United ready to leave ITN

LONDON - The Daily Mail & General Trust and United Business Media are understood to be ready to sell their 20% holdings in commercial television news company ITN if the government changes media ownership rules.

If the two sold up, it would leave the ITV companies Granada and Carlton Communications, along with Reuters, in a three-way ownership split. All three are keen to increase their stake in the company.



The rule changes are currently being considered by Tessa Jowell, the minister for culture, media and sport, following the publication of the communications white paper earlier this year.



The news comes as ITN fights it out for the ITV news contract with the Channel 3 consortium, which comprises BSkyB, CBS, Bloomberg, Ulster TV and Chrysalis.



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