Friday, 1 February 2008

The Battle for ITV

The newspapers are all adding their pennys worth into the debate over whether Rupert Murdoch's BSB should have been allowed to keep the 17% stake in ITV or if they should have just never been allowed to go above 7%.

It seems our own Sir Richard Branson is buying up ITV shares and may be taking it over. Sir Richard is an excellent businessman who has built up one of the best known brands from nothing, he started selling records when he was 17! Definitely a great role model for budding entrepeneurs.

If Sir Richard was successful in obtaining ITV then the Virgin Group would be one of Britain's most successful media conglomerates with interests in tv, radio, broadband and publishing. To add more value to the Group I think he needs to launch a Social Networking site, he could give access to films and tv programmes to people, they could also let him know what they think of his products/services.

ITV and Virgin are good buys, buy up shares because they are going to keep rising.

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