BBC, ITV and BT TV joint venture delayed
LONDON, June 4 (Reuters) - A proposed TV joint venture between the BBC [BBC.UL], ITV (ITV.L: Quote, Profile, Research) and telecoms group BT (BT.L: Quote, Profile, Research) has been delayed after the body which oversees the publicly-owned corporation said it needed more information to approve the plan.
The BBC Trust said in a statement it would delay its consultation on the project, which would determine whether to approve the service, until it had more information such as on governance and technical arrangements for the joint venture.
The service, called Project Canvas, would combine the Internet with the hugely-popular free-to-air digital television set-top box called Freeview, allowing users to download programmes from the Internet through their televisions.
"As part of our assessment process we have just completed a comprehensive consultation of the industry," BBC Trustee Diane Coyle said. "A common theme that emerged was that more information was needed from the BBC Executive about the Canvas proposal."
The three partners said in a statement they were keen to support "a timely conclusion" of the Trust's consultation process.
"The partners believe that Canvas will maximise choice for consumers, sustain the long-term future of free-to-air broadcasting and promote broadband take-up" they said.
"We also believe it will create significant opportunities for content providers and offer a real alternative in the TV market." (Reporting by Kate Holton; Editing by Rupert Winchester)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Investors recoiled from risky assets and dumped shares in Asian banks and builders, fearing a debt default could reignite the financial turmoil. Full Article
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK










