Carlton demands new merger terms with United

United News & Media is facing demands from Carlton Communications for improved terms to the proposed merger between the two, as the stipulation that United must now sell its prize ITV franchise, Meridian, make a deal seem less attractive.

LONDON (Brand Republic) - United News & Media is facing demands from Carlton Communications for improved terms to the proposed merger between the two, as the stipulation that United must now sell its prize ITV franchise, Meridian, make a deal seem less attractive.

The calls follow the regulatory go-ahead, given by the government on Friday, for a merger between Carlton and United or with rival Granada.

United is expected to argue that even without Meridian the combined assets of Carlton and United would still make it a dominant player within ITV. However, Carlton seems less convinced, making a possible merger with rival Granada seem like an increasingly likely outcome.

Granada has been cleared to bid for either company and if it does not bid for one of the two it is expected to demand that United sell it two of its ITV franchises or be subject to a £5.5bn hostile takeover.

The companies have three weeks in which to reach a decision on the future of the network.



0
SHARES
Comment

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Brand Republic Jobs
Thousands of jobs across advertising, creative, marketing and media
  • Head of Planning Competitive Salary, negotiable for the right candidate Accord Group Limited, Central London WC1A
  • CRM - Campaign Manager £32,000 - £38,000 PLUS bonus & company benefits Comparethemarket.com, Peterborough, Cambridgeshire
  • Partnerships Manager £30,000 - £55,000 PLUS bonus & company benefits Comparethemarket.com, Peterborough, Cambridgeshire

Just published

Feel you're missing out?

GET THE
BRANDREPUBLIC
BULLETINS
Sign up

The Wall Blog

From our partners