ITV homes in on new chairman

Having failed to secure a deal to appoint ex-BSkyB CEO Tony Ball as its new chief executive, ITV could now face a battle to appoint a new chairman.

UK press reports suggest that shareholders are unhappy with leading candidate Crispin Davis and could try and block his appointment. Davis, the former boss of publishing group Reed Elsevier, is considered the frontrunner alongside Michael Bishop, former chairman of UK broadcaster Channel 4. ITV is looking for a new chairman after Michael Grade said he was leaving earlier than previously expected and will not be staying on as non-executive chairman.