AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

MEDIA: SPOTLIGHT - Media agencies demand clarification on the CRR.(Contract Rights Renewal)

Campaign

| November 07, 2003 | Williamson, Lexie | COPYRIGHT 2003 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Agencies feel alienated by the legalese in ITV's merger draft, Lexie Williamson says.

A law degree would have been a real asset in TV buying departments last week as agencies attempted to decipher a draft of the Office of Fair Trading/Carlton and Granada merger undertakings.

The document proposed a package developed by the OFT, the Competition Commission, Carlton and Granada to 'remedy the potentially anti-competitive effects' of the merger - largely the inflation of airtime prices, which buyers fear is inevitable when Carlton and Granada own 52 per cent of the market.

The undertakings centre on the Contract Rights Renewal remedy, which allows advertisers to roll over the terms of their existing contracts with ITV for the next three years. They therefore won't be forced to increase ITV's share of their spend and can also reduce the portion of their spend if ITV's audiences shrink.

An independent adjudicator will police changes to contracts, the creation of new contracts and any disputes, ideally returning a 'yes' or 'no' answer within 72 hours.

The OFT gave 'any interested parties' just a few days for responses.

These were to be delivered in writing by 3 November to be considered for the final version of the document by Friday 7 November.

Related articles from newspapers, magazines, journals, and more
ITV pins its hopes on the autumn schedule: ofcom's new Contract Rights Renewal...
Magazine article from: Marketing Week Wilkinson, Amanda July 15, 2004 700+ words
...months will prove critical for ITV as it tries to claw back audience...position. Under the new Contract Rights Renewal(CRR) mechanism introduced...Carlton and Granada the size of ITV's audience is key to it retaining...performance fails to improve then ITV could lose as much as 100m...
TELEVISION: CRR ruling leaves ITV 'much to fight for'.(Contract Rights...
Magazine article from: Marketing Week September 17, 2009 700+ words
ITV has so far failed in its bid...radical relaxation of the Contract Rights Renewal (CRR) mechanism, but some...channelling. He adds that while ITV may be disappointed that the...is an implicit invitation for ITV to come up with something smart...
Relaxed CRR rules will not solve ITV's cash problems.(contracts rights...
Magazine article from: Marketing Week January 22, 2009 700+ words
...relaxation of the contracts rights renewal (CRR) mechanism put in place...and created to stop a dominant ITV. Standard & Poor's...removal this year", adding that ITV was further pressured by sharper...Paul Richards says that while "ITV plc" is profitable, ITV1 barely...
OFT and Ofcom launch review of contract rights renewal undertakings.
Press release article from: M2 Presswire January 30, 2008 700+ words
...review of the Contract Rights Renewal (CRR) undertakings...Carlton and Granada to form ITV plc. Recognising the...enhanced market position ITV plc would have as a result...in place the Contracts Rights Renewal (CRR) remedy. The...
OFT statement regarding Contract Rights Renewal.
Press release article from: M2 Presswire September 6, 2007 700+ words
...statement regarding Contract Rights Renewal(C)1994-2007 M2 COMMUNICATIONS...it will conduct a review of ITV's Contract Rights Renewal Undertakings, which is expected...proposed merger of the two main ITV companies, Carlton and Granada...
Leader: Allen isn't giving us the full CRR picture.(Charles Allen)(contract...
Magazine article from: Marketing Week September 22, 2005 700+ words
...not dead yet became apparent. ITV chief executive Charles Allen...suggestion? Scrap the contract rights renewal remedy (CRR) forthwith; it...from CRR's abolition? Well, ITV certainly - as there is a projected...adjudicator demonstrates that ITV has mended its ways and is now...
IN BRIEF: Contract Rights Renewal referred to OFT.( Office of Fair...
Magazine article from: Marketing Week October 5, 2006 700+ words
ITV has referred its Contract Rights Renewal television trading safeguard to the Office of Fair Trading as it seeks to have the mechanism scrapped. Copyright: Centaur Communications Ltd. and licensors
IN BRIEF: Grade appointment will not affect CRR immediately.(Micheal...
Magazine article from: Marketing Week November 30, 2006 700+ words
Grade's appointment will not immediately affect CRR - which ensures ITV cannot abuse its dominant position by increasing ad charges while audiences decline, Abolishing it is one way of increasing ITV profits. Copyright: Centaur Communications Ltd. and licensors
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA