The state's plan still faces further regulatory and legislative review.
Whilst the shares do appear cheap, they reflect further regulatory risk and the longer term impact of ring-fencing.
The BSB does not have regulatory powers, such as being able to fine firms or reprimand them, and the reports are meant to fend off further regulatory intervention.
The message was clear: further regulatory relief for ITV, whose "DNA is in the regions", was in his opinion out of the question.
Michael Grade restated ITV's familiar case for further regulatory relief - but also revealed that ITV and the BBC were close to an agreement on sharing local news resources.
It would prefer not to risk further regulatory scrutiny and will probably not make a bid for another cable company.
Before products made from the rice could be sold to consumers, however, further regulatory approvals would be needed.
It said it had put the channel "on notice that any future breaches of the due impartiality rules may result in further regulatory action, including consideration of a statutory sanction".
The proposed takeover of Dreyer's Grand Ice Cream by Nestlé faces further regulatory scrutiny although both companies said yesterday that the deal was expected to go through by the end of the year.
"We have put RT on notice as a result of this breach and if RT breaches our due impartiality rules again we will consider taking further regulatory action, such as imposing a sanction".
On Wednesday a range of experts said the abrupt backflip by the environment and energy minister, Josh Frydenberg, on Tuesday night would create further regulatory uncertainty, which was a recipe for higher power prices down the track.
