ITN looking for investors?

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ITN – part owned by ITV, United Business Media, Thomson Reuters, and the Daily Mail General Trust – is seeking new investors, The Times reports today.

ITV, which owns 40 per cent, is ‘willing to reduce or sell its stake”, the article suggests.

The business wants ‘extra cash to grow internationally”, and consultants are examining the books to prepare a sale.

ITN was founded in 1955 with ITV, but has always been an independent company.

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