ITV board member Mike Clasper has quashed speculation that he is in the running for the chief executive's post at the broadcaster. Clasper, a former BAA CEO, had reportedly been a favourite to succeed Charles Allen.
But he told The Sunday Times that suggestions he had thrown his hat in the ring for the CEO role were wrong, and added: "I believe that I can contribute most effectively to the continuing success of ITV in my current role as a non-executive director."
The move comes as private equity group Apax, advised by former BBC director general Greg Dyke, is said to be considering another approach for ITV. Its last bid was rejected by the ITV board in March.
Meanwhile ITV is seeking to reform the contract rights renewal (CRR) agreement, struck with advertising agencies as a condition of the merger of Granada and Carlton Communications to create a single-company ITV. Under the agreement ITV can only increase advertising rates for ITV1 in line with audience ratings. Since they have fallen ITV has been left with a revenue gap.
ITV has now referred the CRR safeguard to the Office of Fair Trading for investigation. The OFT has up to 10 weeks to decide whether it will launch a probe.
Lovelace Consulting | 09.10.2006