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Getty to Purchase ITN ?

“ITN’s shareholders have reportedly held detailed discussions to sell a majority stake in the News at Ten and 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 Television Society’s monthly journal, Television. It is not clear if the talks are still ongoing.”

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Seems Getty is going all out video stock in order to escape the declining photo market.

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