The Week: Media News - BSkyB makes ITV offering

BSkyB has offered to give up 3 per cent of its voting rights in ITV - almost one-fifth of the total - in an attempt to hang on to its 17.9 per cent share in the broadcaster.

In a letter made public by the Competition Commission, BSkyB said it would hand the rights over to an independent trustee, most likely a company specialising in investment management.