Itv in Crisis As Favourite Turns Down the Top Job [Edition 2]

Summary

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ITV was thrown into turmoil once again today as a Sir Michael Bishop became the second candidate to rule himself out as its new chairman, and chief operating officer John Cresswell said he will quit in the near future.

Bishop, who became front-runner to replace Michael Grade after Sir Crispin Davis also ruled himself out last week, is understood to have declined the job because he believed that it would take up too much of his time. The chairmanship of iTV is increasingly seen as the poisoned chalice of broadcasting.

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Itv in Crisis As Favourite Turns Down the Top Job [Edition 2]

Earlier this year Bishop, who is a former chairman of Channel 4, collected more than Pounds 220 million from the sale to Lu...

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