BBC CEO Joins RIval
BBC chairman Michael Grade has resigned to join rival ITV, the BBC reported on its website Tuesday. Grade, 63, said he would focus on improving programming at ITV — the United Kingdom's oldest commercial television network — when he takes over as executive chairman early next year. The BBC — now looking for its third new chairman in seven years — said it was disappointed by the move but better off for its time under Grade, who took over as chairman in April 2004. "The Board is disappointed he is moving to ITV but he leaves behind a BBC that is passionate about and committed to serving the public in new and exciting ways," vice-chairman Anthony Salz, who will serve as acting chairman until the end of the year, said in a statement. Grade's departure comes at an inopportune time for the network, which is engaged in contentious negotiations with the British government to secure an increase in the BBC's licence fee — the network's cut of a tax on television-set ownership in the U.K. Grade was at the helm of talks aimed at quelling opposition to the fee hike from Prime Minister Tony Blair and Chancellor of the Exchequer Gordon Brown. This is a bold move and we recommend staying away from BBC until they get their company back on track and move forward.
Source: CBC.ca
posted by Stock Administrator @ 1:12 PM
BBC CEO Joins RIval
BBC chairman Michael Grade has resigned to join rival ITV, the BBC reported on its website Tuesday. Grade, 63, said he would focus on improving programming at ITV — the United Kingdom's oldest commercial television network — when he takes over as executive chairman early next year. The BBC — now looking for its third new chairman in seven years — said it was disappointed by the move but better off for its time under Grade, who took over as chairman in April 2004. "The Board is disappointed he is moving to ITV but he leaves behind a BBC that is passionate about and committed to serving the public in new and exciting ways," vice-chairman Anthony Salz, who will serve as acting chairman until the end of the year, said in a statement. Grade's departure comes at an inopportune time for the network, which is engaged in contentious negotiations with the British government to secure an increase in the BBC's licence fee — the network's cut of a tax on television-set ownership in the U.K. Grade was at the helm of talks aimed at quelling opposition to the fee hike from Prime Minister Tony Blair and Chancellor of the Exchequer Gordon Brown. This is a bold move and we recommend staying away from BBC until they get their company back on track and move forward.
Source: CBC.ca
Source: CBC.ca
posted by Stock Administrator @ 1:12 PM
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