BusinessBusiness RecoveryITV Digital to be sold

ITV Digital to be sold

Administrators of ITV Digital said today they were planning to sell the collapsed pay-tv company after it proved impossible to restructure its cost base.

Although the administrators, Nick Dargan and Nick Edwards of Deloitte & Touche, would not comment on particular negotiations, it is believed they failed to reach a compromise agreement with the Football League over unpaid broadcast rights.

Dargan said: ‘We are now in discussions with the Independent Television Commission about an accelerated process leading to a sale as a going concern.’

The move came as it was understood the Football League was preparing to sue Carlton Communications and Granada, the co-owners of ITV Digital, for £500m.

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