ITV have pulled out of the long expected move to MediaCityUK, Salford Quays – and will be staying in their existing Manchester site for the foreseeable future.
ITV have blamed MediaCityUK (or rather the Peel Group) for the breakdown in talks, after Peel apparently slashed incentives – ITV chief operating officer John Cresswell said, “The Peel Group has dramatically scaled back its financial commitment to the ITV element of the project, and as a result we will be remaining at Quay Street…”
Just last week it looked as though ITV’s move to Salford Quays was going to get the go ahead, although it was not expected to be made public until much later in the year. The announcement will likely come as a disappointment to those who saw the ITV move as a done deal, and perhaps just one of many future ‘big name’ relocations. You can see more details at the MEN.
In other MediaCityUK news, a demonstration is to be held tonight (12th March 09) protesting the loss of 150 jobs at Salford Uni. The local independent magazine The Salford Star accuses Salford University of cutting these jobs to help finance their new base at MediaCityUK, which requires “significant upfront investment” from the University (around £40million). You can read more at The Salford Star.