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BSkyB Fights Ruling To Slash Its Stake In ITV

Law360 (February 21, 2008, 12:00 AM EST) -- British Sky Broadcasting Group Plc said Thursday it plans to challenge a U.K. government ruling that it must slash its stake in ITV Plc. The ruling followed a finding by antitrust authorities that Rupert Murdoch's interest in the broadcaster substantially threatened competition in the television industry.

BSkyB said it would lodge its application with the Competition Appeal Tribunal on Friday, arguing that the Competition Commission made mistakes at key steps leading to the divestment decision. The CAT has the power to quash part or all of...
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