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CPV-TV (from Chrysalis, Paradine and Virgin) was a company which had bid for three ITV franchises at the 1991 ITV franchise auction. [1]It was a consortium led by Sir David Frost and Richard Branson with further backing from the Chrysalis Group media business and had bid for the East of England, London Weekday and the South and South East England franchises which were then held by Anglia ...
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The act also changed the system of licence allocation for the franchises now legally known as Channel 3: the previous system where applicants needed to show good programming ideas and fine financial controls was replaced by highest-bidder auctions to determine the winner of each ITV regional franchise. This element of the ITV franchising ...
On 16 October 1991, following changes to the way ITV contracts were issued (via a blind auction rather than a bid on merits and potential) it was announced that TSW had lost its franchise because of an 'unrealistic business plan' related to its bid, which was viewed by the Independent Television Commission (ITC) as being far too high.
16 October – The ITV franchise auction results are announced and take effect starting midnight on 1 January 1993. It will see many notable names going off air after losing their franchises, including Thames, TVS, TSW, TV-am and ORACLE Teletext. Central is, however, unopposed in bidding to retain its franchise
ITV also broadcasts news and discussion programmes about the war throughout the night. Some broadcasting, particularly in the earlier part of the war, comes from CNN. Also this year the ITV franchise auction results are announced and take effect starting midnight GMT on 1 January 1993.