ITV plc plans to buy Channel Television

ITV plc plans to buy one of the last remaining independent ITV regions, Channel Television.

The channel 3 licence holder operates across the Channel Islands and is currently owned by Yattendon Group.

The deal is still subject to approval by the Channel Island Competition Regulatory Authorities.

Yattendon Group said: "Channel Television is proud of its heritage and under ITV's ownership, will continue to serve the communities."

Channel Television has been owned by Yattendon Group since 2001.

Channel 3 is made up of a collection of 15 regional licensees with 11 of the licences held by ITV plc.

SMG owns the two Scottish licences, Scottish Television and Grampian, and UTV has the licence for Northern Ireland.