ITV is one of the UK’s most recognisable television networks and media outlets, comprised of 13 regional terrestrial channels, as well as a production facility and online app. The company was established in 1955 and has been the main competitor of the BBC since its inception.

Originally launched as Independent Television, the now popular ITV was formed after a merger between Granada and Carlton Communications, which ultimately created a single company for all associated franchises. Incidentally, although the two companies were competing against one another, they had joined forces on certain projects prior to the takeover, including a failed digital terrestrial TV venture. The joining of the two companies also combined the outstanding regional licenses together across England, Wales, Scotland, Northern Ireland and the Isle of Man. The new formation created a split, wherein Granada gained 68% and Carlton kept 32%. Around this time, the newly formed company gained the final 25% of the Walt Disney owned breakfast brand GMTV.

Further acquisitions in 2011 and 2015 brought Channel Television from the Yattendon Group plc and UTV to ITV ownership. Entertainment One were ITV’s latest acquisition attempt in 2016. The Canadian entertainment production company and distributor were the target of a £1 billion bid, which they rejected. In 2014, Liberty Global purchased BskyB’s 6.4% stake in ITV which was valued at £481 million.

ITV is located in London and holds 13 out of a possible 15 regional licenses. Of the commercial television networks, ITV is the most historic. The company operates two sections of business. One is focused on the ITV television broadcasting and online ventures which includes the ITV News Group, while the second deals with the entertainment production elements, both in the UK and internationally. ITV is listed on the London Stock Exchange and part of the UK Index 100 Index.