British Sky Broadcasting plans to appeal this week Business Secretary John Hutton’s recent decision ordering the satellite broadcaster to unload most of its stake in ITV (LSE: ITV). BSkyB (NYSE: BSY) will take its case to the Competition Appeals Tribunal where it will claim the Competition Commission made mistakes “at every turn” in its recommendation that the company reduce its current 17.9 percent stake to 7.5 percent or less. The FT reports that BSkyB disagrees with the Commission’s decision that a merger was created when it paid £940 million for its piece of ITV in November 2006 and also plans to object to the Commission’s solution that it slash its holding in ITV. 

• BSkyB Ordered To Reduce ITV Stake From 17.5 Percent To 7.5 Percent