30th Jan 2008 10:00
Office of Fair Trading30 January 2008 13/08 30 January 2008 OFT AND OFCOM LAUNCH REVIEW OF CONTRACT RIGHTS RENEWAL UNDERTAKINGS The OFT and Ofcom have formally launched a review of the Contract Rights Renewal(CRR) undertakings today. The review will be conducted by the OFT and Ofcom inpartnership, and is expected to take around a year.The CRR undertakings were created in 2003 to address the merger of Carlton andGranada to form ITV plc. Recognising the concerns of the advertising communityabout the enhanced market position ITV plc would have as a result of the merger,the Competition Commission put in place the Contracts Rights Renewal (CRR)remedy. The Office of the Adjudicator was set up to determine any disputes underthe CRR undertakings, and the undertakings are monitored by the OFT and Ofcom.The OFT has created a web page with further information on the scope of thereview and the key stages. This also includes a set of questions and answers,which will be updated as the review progresses. For more information click gothe the OFT website : www.oft.gov.uk.The CRR review team will be contacting key stakeholders directly in the next fewweeks to gather evidence, and other interested parties will be able to submitwritten views through a dedicated email address. More information on thisprocess can be found on the web page. NOTES1. The full text of the undertakings and more information on CRR are availableat: http://www.adjudicator-crr.org.uk/undertakings.htm 2. The full text of the Competition Commission's 2003 report and otherassociated documents are available at:www.competition-commission.org.uk/inquiries/completed/2003/carlton/ MEDIA enquiries: 020 7211+Corinne Gladstone 8899 Alex Hunter 8900Jonathan Marciano 8898 Nnenna Oleforo 8993Out of hours: mobile: 07774 134814 fax messages: 020 7211 8961Copies of press notices: Ext. 8993http://www.oft.gov.uk PUBLIC enquiries: 0845 7224499 [email protected] reports and consumer information leaflets are available free from:OFT, PO Box 366, Hayes UB3 1XB 0800 389 3158 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ITV