In the continuing consolidation of the UK's ITV network, Granada Group has purchased a 14.9% stake in fellow network broadcaster London Weekend Television. (Independent Television) (Brief Article)

Broadcasting & Cable, July, 1993

In the continuing consolidation of the UK's network, Granada Group has purchased a 14.9% stake in fellow network broadcaster London Weekend Television. Granada will pay 67 million pounds ($100 million) for the stake; the maximum allowed under current TV ownership regulation. ITV broadcasters are pressing the government to lift restrictions on cross holdings in the TV industry.