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Deloitte & Touche was appointed administrator of ITV Digital on
27 March 2002. On 30 April, it announced the closure of the business
and on 18 October, Grant Thornton was appointed as liquidator to
the company.
Carlton’s share of ITV Digital’s and ITV Sport Channel’s pre-closure
losses was £99.1 million. As announced at the half year, an exceptional
charge of £98.6 million was taken as a result of the decision to place
ITV Digital in administration. This was made up of a £34.6 million
balance sheet write-off and a £64.0 million provision for Carlton’s
share of closure costs. No further charges were incurred in respect
of ITV Digital in the second half of the year, nor are any further
charges expected in the future.
In August, the High Court ruled that Carlton and Granada were
not liable for the £131.8 million claimed by the Football League from
ITV Digital. Subsequently, ITV and the Football League have agreed a
broadcasting contract for certain rights during the 2002/03 and
2003/04 seasons. |
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