23rd May 2006 15:16
ITV PLC23 May 2006 ITV Disposes of stake in Seven Network Limited ITV plc ("ITV") today announces the sale of a 11.6% stake in Seven NetworkLimited, the Australian Media Company, for £87 million. The disposal represents a further step in the disposal programme of non-coreassets which has raised close to £400m in cash since the creation of ITV in2004. ITV retains its strong interest in the Australian television production sectorthrough its wholly-owned subsidiary Granada Productions Pty Limited. -ENDS- Contacts: Analysts Tel: 020 7620 1620Georgina Blackburn Head of IR Media ITV Tel: 020 7396 6000Brigitte Trafford Communications DirectorJim Godfrey Head of Corporate Affairs Citigate Dewe Rogerson Tel: 020 7638 9571Simon RigbyAnthony Kennaway Notes to Editors: About ITV ITV is Britain's biggest and most popular commercial broadcaster, with 82% ofpeople in the UK watching ITV in any week. ITV's flagship channel - ITV1 - isthe home of the most popular drama and entertainment programmes on Britishtelevision and ITV2, 3 and 4 are among the most popular channels onmulti-channel television. Granada Australia is one of Australia's leading independent televisionproducers. Its recent and current programme slate includes Merrick and RossoUnplanned (Nine Network); World Comedy Tour (Nine Network, Foxtel, ComedyCentral USA); Dancing with the Stars Series 4 (Seven Network and TVNZ); GuinnessWorld Records (Seven Network); Australia's Next Top Model Series 2 (Fox 8); andAustralian Princess (Ten Network). It is also currently working on Get Nicked, asituation comedy starring Australian celebrity Nick Giannopoulos for the SevenNetwork. Dancing with the Stars was the sixth most watched series of 2005 andthe Final of Dancing with the Stars was one of the most watched shows in 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ITV