OFT statement regarding Contract Rights Renewal

OFT statement regarding Contract Rights Renewal

London, 6 September/GNN/ --

OFFICE OF FAIR TRADING News Release (129/07) issued by The Government News
Network on 6 September 2007
The OFT has decided that it will conduct a review of ITV's Contract Rights
Renewal Undertakings, which is expected to start in January 2008. The review
will be conducted in partnership with Ofcom, and further information will
be published when the review commences.

NOTES

1. The CRR undertakings were accepted in November 2003 following an adverse
finding by the Competition Commission in relation to the proposed merger
of the two main ITV companies, Carlton and Granada. The undertakings allow
buyers of advertising airtime to roll forward their pre-merger contracts,
subject to annual adjustments which reflect the change in ITV's share of
advertising (measured in the form of its share of commercial impacts). The
undertakings created the Office of the Adjudicator which is responsible for
monitoring compliance for the OFT and Ofcom.

2. For a full text of the undertakings and more information on CRR go to
www.adjudicator-crr.org.uk.

MEDIA enquiries: 020 7211+
Corinne Gladstone 8899 Alex Hunter 8900
Jonathan Marciano 8133 Nick Spears 8901
Nnenna Oleforo 8898
Out of hours: mobile: 07774 134814 fax messages: 020 7211 8961
Copies of press notices: Ext. 8993
http://www.oft.gov.uk

PUBLIC enquiries: 0845 7224499 enquiries@oft.gov.uk
OFT reports and consumer information leaflets are available free from:
OFT, PO Box 366, Hayes UB3 1XB 0800 389 3158 oft@ecgroup.uk.com

Source: Office of Fair Trading

-------
Profile: intent