ITV Make Little Progress On Pay TV Plans - Report

27th Jun 2010 12:37

LONDON (Dow Jones)--ITV PLC (ITV.LN) is nearing the end of a strategic review but has no solution for its pay-TV operation, The Mail on Sunday reports without citing sources. Chairman Archie Norman, when taking up his role, was keen to expand into the pay-tv market, which is dominated by British Sky Broadcasting Group PLC (BSYBY). The paper said no significance progress has been made and cited one executive close to Norman saying: "Could ITV have a significant presence on the Sky platform and could ITV reach a secure accommodation with Sky so the price didn't go up every couple of years. It may be we conclude we cannot." ITV didn't immediately return calls for comment. Newspaper Web site: http://www.dailymail.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320 (END) Dow Jones Newswires June 27, 2010 07:37 ET (11:37 GMT)