Hopes raised of ITV Digital rescue

LONDON - With only days left before ITV Digital could close, hope of an end to the crisis emerged today as Carlton Communications and Granada held talks with the Football League.

According to reports, Granada's chairman Charles Allen and Carlton's chief executive Gerry Murphy are understood to have met senior league officials, including chairman Keith Harris and chief executive David Burns.

Earlier this week, ITV Digital's administrator Deloitte & Touche had refused to make the league a new offer as the 72 clubs of the Football League met in Manchester to decide their next move.

The league is owed £178m by ITV Digital as part of the June 2000 three-year £315m TV rights deal.

On Wednesday, ITV Digital's administrator withdrew its most recent £74m offer, leaving the league chairmen to discuss what course of action they would take next.

It had been feared in some quarters that the withdrawal of that offer would spell the end for ITV Digital, which will be closed next week if a settlement is not reached.

Earlier this week, the administrators issued a statement saying that, while it sought to establish whether the company could be saved, it was preparing the business for sale.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .

Topics

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content