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Getty to Purchase ITN ?
Posted By pmelcher On May 20, 2009 @ 5:59 pm In technology, web 2.0, wire service, transaction, getty | No Comments
“ITN’s shareholders have reportedly held detailed discussions to sell a majority stake in the News at Ten and [1] Channel 4 News producer to Getty Images, the international picture agency.
Getty Images, founded by Mark Getty, grandson of J Paul Getty, and the former banker Jonathan Klein in 1995, “is an enthusiastic bidder for a majority stake in the commercial broadcaster”, according to a report by the former FT and Times media correspondent Ray Snoddy, published in the latest edition of the Royal [2] Television Society’s monthly journal, Television. It is not clear if the talks are still ongoing.”
Read more[3] here
Seems Getty is going all out video stock in order to escape the declining photo market.
Article printed from Thoughts of a Bohemian: http://blog.melchersystem.com
URL to article: http://blog.melchersystem.com/2009/05/20/getty-to-purchase-itn/
URLs in this post:
[1] Channel 4: http://www.guardian.co.uk/media/channel4
[2] Television: http://www.guardian.co.uk/media/television
[3] here : http://www.guardian.co.uk/media/2009/may/20/itn-sale-getty-images
Click here to print.