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CORRECTION

News, 02 August 2000


“ANGRY INVESTORS CHIDE HOLLICK OVER TERMS OF UN&M SALE”

The above story, sourced from The Times (London), appeared in yesterday’s issue of WAMN. Today, The Times printed the following correction which, in the interests of accuracy, we reproduce below.

“Our article of July 31 headlined "Hollick faces revolt over ITV sale to Granada" said that United News & Media faced a revolt from investors angered over the terms of United's £1.8 billion sale of its three ITV franchises to Granada Media. United wishes to make clear that it has had no suggestion of any "revolt" by shareholders over the issue and The Times accepts that this is the case. Mercury Asset Management, along with other leading shareholders, was consulted both before and after the deal was announced. The tone of these conversations was constructive and supportive of the deal with Granada.”

News source: The Times (London)