Media

ITV sells stake in Australia's Seven

Published Wednesday, May 24 2006, 04:47 BST | By Neil Wilkes
ITV has sold its 11.6% stake in Aussie broadcaster Seven for £87 million, the broadcaster announced today.

The move takes the total raised by the disposal of non-core assets to £400 million since the merger of Carlton and Granada in 2004.

ITV said it still retained a "strong interest" in the Australian television production sector through its wholly-owned subsidiary Granada Productions.

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