ITV buys Disney out of GMTV

ITV has paid £18 million (E19.7m) cash for Disneyís 25 per cent stake in GMTV. The acquisition forms part of ITVís strategy to focus on its core activities and will allow closer integration between ITV and the breakfast service.
John Cresswell, Chief Operating Officer at ITV, said: "GMTV is the gateway to the ITV day and a perfect fit with ITVís existing daytime programming. It represents an exciting opportunity to create a highly complementary daytime schedule offering great programming from 6am to 6pm."