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Europe Daily Bulletin No. 8320

17 October 2002
Contents Publication in full By article 49 / 52
ECONOMIC INTERPENETRATION / (eu) television

CARLTON COMMUNICATIONS and GRANADA are in advanced negotiations over a merger that, if successful, would lead to the creation of the only independent television broadcaster in the United Kingdom. The agreement provides for GRENADA shareholders having a 68% stake in the future group and receiving £200 million from CARLTON whose shareholders would own the rest. The new group would be worth some £2.5 to 3 bn. The two groups made a first stab at a rapprochement last February but it failed.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT