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OFT delays decision on relaxation of CRR.(Office of Fair Trading)(contract rights renewal)(Brief article)
The Office of Fair Trading's review of the contract rights renewal mechanism that safeguards advertiser deals with ITV is taking longer than expected as the OFT seeks clarity over ITV's claims.
While media industry sources had anticipated that the OFT would reach a decision by early April, the regulator said it expects to make an announcement later in May.
Following consultation, the OFT went back to the IPA and other parties last week with further questions relating to ITV's claims that ITV1 can be substituted in media plans with other options should the broadcaster raise prices in the event of CRR being abolished.
In January, the OFT reached a view, ...
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