The Competition Commission has extended the timetable for completing its inquiry into BSkyB’s £940 million (E1.3bn) purchase of a 17.9 per cent stake in ITV until next year.

It had intended to hand over the results of its inquiry to John Hutton, the secretary of state for business enterprise and regulatory reform, by November 7. However, the commission said that the deadline had been extended to January 2 because of the “complex” nature of the inquiry “dealing with both competition and media public interest considerations”.

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