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BBC chairman to join competitor

BBC Chairman Michael Grade is to leave the broadcaster, possibly as soon as Tuesday, for their competitor and Britain's biggest commercial television network ITV, The Daily Telegraph reported on its web site late on Monday.

DNA Web Team

Updated : Nov 19, 2013, 11:17 PM IST

LONDON: BBC Chairman Michael Grade is to leave the broadcaster, possibly as soon as Tuesday, for their competitor and Britain's biggest commercial television network ITV, The Daily Telegraph reported on its web site late on Monday.

The 63-year-old had been leading the BBC's negotiation for a new license fee -- the annual fee paid by everyone in Britain with a television that helps fund the BBC's operations.

ITV has seen its advertising revenue decline, and has been on the lookout for a new chief executive since Charles Allen resigned in August.

According to a report on the BBC News web site, Grade is to join ITV on January 1, 2007 as the executive chairman -- he has apparently agreed to hold the post for at least three years.

The news comes as a shock to the BBC and observers -- betting firms contacted by The Daily Telegraph had not bothered to include Grade on their list of potential candidates for the ITV position.

In 1984, Grade became controller of BBC1, one of the BBC's two terrestrial television stations and according to a profile of his on the BBC web site, he left in 1988 to become commercial broadcaster Channel 4's chief executive, a post he quit in 1997.

He became the BBC's chairman in May 2004.

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