UK digital terrestrial broadcaster ONdigital has reportedly postponed its planned flotation until next spring, due to unfavourable market conditions and parent company Granada Media's recent share slide.
Granada and Carlton Communications, the two ITV companies that each own 50% of ONdigital, had been expected to sell about 20% of the pay-TV platform before the end of the year. The sale had already been put on hold earlier this year when Granada and Carlton were locked in battle over consolidation of ITV.
Meanwhile, ONdigital has announced that it had 878,000 subscribers at the end of the three months to September 30, more than double the figure of 411,000 at end of the same period in 1999. Its internet service, ONnet, signed up 20,000 customers in the first two weeks after launch on September 18.
ONdigital also said that ONrequest, its PPV joint venture with SDN, has added MGM to its roster of studios. The service also has non-exclusive deals with Universal, Paramount and 20th Century Fox.