13 October 2009

ITV scraps plans to sell SDN

ITV has scrapped plans to sell DTT multiplex operator SDN. The broadcaster had planned to sell off the company, which it bought back in 2005 for just under £150million, to focus on programme making and make the accounts look more favourable. SDN is estimated to make about £40million a year. ITV will now seek to raise cash through a bonds issue.