Ntl Lines Up Jackson to Head Itv Former Chief Executive of Channel 4 Will Run Broadcaster If Pounds 5bn Offer Is Successful
The Sunday Telegraph London (November 12, 2006)
Author: Sylvia Pfeifer And Richard Northedge
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Summary
NTL has lined up Michael Jackson, the former chief executive of Channel 4, to run ITV if its audacious bid for the broadcaster succeeds.
The cable TV operator is also thought to have arranged the pounds 5bn finance necessary for a cash bid through its investment banking advisers, Goldman Sachs and JP Morgan, despite already being heavily indebted. One long-term option would be for the combined company to refinance its whole balance sheet in a move that could involve up to pounds 12bn of new loans.See the full content of this document
Extract
Ntl Lines Up Jackson to Head Itv Former Chief Executive of Channel 4 Will Run Broadcaster If Pounds 5bn Offer Is Successful
NTL is unlikely to go hostile in its pursuit of ITV. The company would not want to alienate key creative staff, and the level of debt required...
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