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« Competition Probe For BAA Airports

BAA’s ownership of London’s main airports is under investigation. The operator is being referred to the Competition Commission by the Office of Fair Trading because of its control of so many airports. The referral came as the Commission also received proposals about how much operator BAA can charge airlines at the UK’s biggest airports, Heathrow and Gatwick. The plans, sent by the Civil Aviation Authority to the Competition Commission, cover the period 2008/13. BAA...

Snatch Of The Day: ITV Wins FA Cup

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March 30, 2007 at 6:40 pm · Filed under macroeconomy

Broadcaster ITV has won the television rights to the FA Cup.

FA chief executive Brian Barwick said he was “delighted” after ITV paid 425m to show the competition over four years, in partnership with Setanta Sports.

The deal, due to begin from August next year, also includes England’s home qualifiers for the 2010 World Cup.

Equivalent to some 100m-a-year, it leaves the BBC with no live football outside major international tournaments.

It is being seen as a coup for Michael Grade, the new ITV chairman after the BBC and Sky held the rights for the last seven years.

Mr Grade said: “Our position is now substantially enhanced as the leading terrestrial free-to-air sports broadcaster.

“The FA has run an intense bidding process and we are delighted to be the winners with Setanta. It is a great deal for all of us.”

The deal places a question mark over the BBC’s ability to hold on to some of its top presenting talent.

With virtually no live matches to front it could struggle to keep the likes of Gary Lineker and Alan Hansen.

Football is currently being flooded with cash as broadcasters compete for audiences.

Last year, the Premier League sold a three-year rights package for 2.1bn, an increase of 605m on the previous deal.

Shadow Over Rail Industry »

The Paddington disaster of October 1999 came in the middle of a spate of train crashes that cast a shadow over the early years of rail privatisation. In August 1996, a passenger train travelling from Euston on the West Coast Main Line passed a signal at danger and collided with an empty coaching stock train near Watford Junction in Hertfordshire. One person was killed and 69 were injured. Then in September 1997, seven passengers were killed and 139 were injured when a Swansea-London Great...

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