LONDON -(Dow Jones)- The British Broadcasting Corp.'s controlling trust Tuesday provisionally approved the BBC's involvement in Project Canvas, a service that will allow U.K. viewers to watch free-to-air broadcasts and Internet content on television.
The BBC Trust, an independent body that oversees the mostly license-fee funded BBC, said that "the likely public value of the proposal justifies any potential negative market impact."
Project Canvas is a joint venture between the BBC and ITV PLC (ITV.LN), BT Group PLC (BT.A.LN), RTL Group SA's (RTL.BT) Five as well as recent additions Channel 4 and Carphone Warehouse PLC (CPW.LN). The services will allow traditional broadcasters to attract a new audience as well as retaining existing viewers who have turned to the Internet for entertainment...
from CNN Money
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