Blog Post

Multimedia Local News Consortia Costlier Than Funding ITV, Ofcom Warns

Substituting ITV (LSE: ITV) regional news for proposed multimedia consortia from 2012 could be twice as expensive as simply funding conventional ITV regions replacements, Ofcom has warned.

The Digital Britain policy paper advocated the exciting new prospect of eclectic, independently-funded news consortia (IFNCs). Ten Alps, Independent News & Media, Guardian Media Group and several others have expressed interest in running three pilot schemes in England, Scotland and Wales next year before replacing ITV’s regional channel 3 TV news bulletins from 2012.

But Ofcom, in its submission to the Department for Media, Culture & Sport’s consultation on the idea, warns that a more