By Jo Best, 10 November 2006 15:35
NEWS
With one massive merger with Telewest under its belt, the soon-to-be-renamed NTL is looking for another - this time with troubled broadcaster ITV.
The quad-play company revealed today it has been in talks with ITV but maintains that the discussions are at preliminary stage.
"NTL confirms that it has advised ITV of its interest in exploring a possible combination transaction and has scheduled an initial conversation with ITV to that end," the company said in a statement.
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While many in the industry have questioned the wisdom of the coupling of the two beleaguered giants, Virgin head Richard Branson - whose mobile operator Virgin Mobile was bought by NTL:Telewest in April - has given the proposed merger his support, according to press reports.
It's thought NTL may see such a union as a way to bolster its content offerings and fight off competition from Rupert Murdoch's BSkyB, which recently entered the broadband arena and put itself in direct competition with NTL.
ITV, on the other hand, remains without a chief executive following the departure of Charles Allen last month and has suffered from falling advertising revenues.
The company has previously expressed an interest in bumping up revenues via technology and bought web success story Friends Reunited late last year.
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1. misceng
Yet another reason why I am looking at alternatives to NTL. In my experience they charge 10p per minute and make you wait 20 minutes so that you can tell them their email server is down. The call centre does not even know that there are different servers for email download than those which feed web mail. Then they tell you it is your equipment which is faulty. Waiting a few hours or a day will get your email service back without any changes at the customer end. Enough said.