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Granada Media

Granada, the TV broadcaster, is to close its Albert Dock site in Liverpool and relocate up to 20 staff once a suitable alternative has been found in the city centre.

Granada Media is to relocate Meridian Broadcasting from Southampton to a new £6m site near Fareham, with the loss of 175 jobs, while some work will transfer to London.

Granada Media is said to be considering plans to relocate its Meridian regional news operation away from Southampton, and a number of sites in Hampshire are being considered.

Granada and Carlton have won government approval for a £4.5bn merger, which will help the ITV companies compete with the BBC and BSkyB.

Granada is to open a new £5m TV studio in Manchester early next year, in order to produce special editions of Coronation Street.

Granada and Carlton are planning a £2.7bn merger, which would create a combined commercial broadcasting business with 8,000 staff.

Granada and Carlton are planning to invest a record £825m in new programming for ITV next year.

Granada Media is to invest £1m in Anglia Television's Magdalen Street studios in Norwich to create a new centre for daytime programming, but the Hardwick House site will be closed with the loss of 25 jobs.

Granada has acquired Border Television from Capital Radio for £50m, and Capital will use the proceeds to invest in its radio business.

Granada Media is forming a joint venture with Boots to set up a health and beauty digital TV channel and e-commerce business, and the two companies will invest £18m in the first year.

Granada Media is acquiring a 5% stake in Arsenal for £47m, and will invest a further £30m if the football club can secure planning permission for a new £150m stadium.

Granada Media is to acquire the broadcast, programme production and international distribution business of United News & Media, in a £1.75bn deal that includes the Meridian, Anglia and HTV franchises.

Granada Media is investing £20m in a joint venture with Liverpool Football Club to develop an online platform to broadcast delayed coverage of live matches, and the new company will be called Liverpool FC Broadband.