Yorkshire-Tyne Tees Television
was a British
broadcasting company, which is now part of ITV plc
The company was created in June 1992 from the merger of the Independent Television
broadcasters Yorkshire Television
and Tyne Tees Television
which broadcast to Yorkshire
and the North East
, United Kingdom
.YTT was effected by the overbidding for its franchises in 1992. The company lost £7.9m in 1993, compared with a pretax profit of £16.7m in 1992. In 1994, the company managed profits of £10.5m for a 15-month period, reflecting the changed year-end. Bruce Gyngell
, the former chairman of breakfast station TV-am
, became YTTV's managing director on 15 May 1995.
The company was purchased by Granada Media Group in 1997, GMG having been formed by a merger between Granada Television
and London Weekend Television
. Granada plc ultimately went on to merge
with Carlton Communications
, forming ITV plc. The takeover of Yorkshire-Tyne Tees Television was thought to be worth about £800m.
Yorkshire-Tyne Tees Television, along with Welsh francisee HTV
later challenged a government plan for all ITV companies to be required to use a single supplier of television news. Yorkshire-Tyne Tees Television also asked for a vote among ITV companies over whether News at Ten
should be moved to another time.