As expected, BSkyB has been ordered to sell down much of its 17.9% stake in UK commercial broadcaster ITV. Britain’s Competition Appeal Tribunal handed down the decision late on Sept 29. However, it may be that BSkyB will further appeal the decision.
 
Sky is already some £650m ($1.17bn) down on its November 2006 decision to buy the stake, paying £940m for its holding, and thus thwart Virgin Media from buying a stake in ITV. While this legal action has been running Virgin has been stymied from moving on ITV.  
 
As this is written it is understood that Sky has been given six months to dispose of its stake, but a further appeal could halt that timetable.

Quote from Steve on Sep 30^th, 2008, 7:04pm:

I will chuck a fiver in.... but only if you keep the rights for Familly Fortunes and that bloody X-Factor.