- published: 10 Jun 2016
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ITV plc is a British media company that holds 12 of the 15 regional television licences that make up the ITV network, the oldest and largest commercial terrestrial television network in the United Kingdom. The network, which is branded ITV by ITV plc, has vied with the British Broadcasting Corporation's BBC One for the status of the UK's most watched channel since the 1950s (a crown it lost in 2005).
The company was formed by a corporate takeover by Granada plc (the parent company of Granada Television) of Carlton Communications. Granada acquired a 68% controlling interest of the newly formed company whilst Carlton retained the 32% remaining shares. It began trading on 2 February 2004. This was the most recent stage in a long process of mergers between the original ITV regional franchises. It acquired the remaining 25% of the Breakfast franchise holder, GMTV, from The Walt Disney Company in 2009 and Channel Television from Yattendon Group plc in 2011. On 19 October 2015, ITV announced it would buy UTV for £100 million.