| | News buys stake in UK's ITV | NEWS.com.au Business (Site not responding. Last check: 2007-11-04) |
 | | NEWS Corporation's British pay-TV arm BSkyB has spent £940 million ($2.32 billion) for a 17.9 per cent stake in television group ITV in a move designed to stop rival NTL or other media groups taking control of the free-to-air operator. |
 | | Mr Murdoch, whose News Corp (nws.ASX:Quote,News) owns 38 per cent of BSkyB, has said News would not buy more than 19.9 per cent of ITV and would not seek a seat on its board. |
 | | ITV has struggled recently and in August, announced that revenues at its main channel and largest earner ITV1 had fallen 8 per cent to £654 million in the first six months of the year. |
| www.news.com.au /business/story/0,23636,20787735-462,00.html (572 words) |