. ▁ ▁Organisation ▁( other ▁networks ) ▁▁ ▁The ▁I TV ▁network ▁is ▁not ▁owned ▁or ▁operated ▁by ▁one ▁company , ▁but ▁by ▁a ▁number ▁of ▁license es , ▁which ▁provide ▁regional ▁services ▁while ▁also ▁broadcast ing ▁program mes ▁across ▁the ▁network . ▁Since ▁ 2 0 1 6 , ▁the ▁fifteen ▁lic ences ▁are ▁held ▁by ▁two ▁companies , ▁with ▁the ▁majority ▁held ▁by ▁I TV ▁Broadcast ing ▁Limited , ▁part ▁of ▁I TV ▁pl c . ▁ ▁The ▁network ▁is ▁reg ulated ▁by ▁the ▁media ▁reg ulator ▁Of com ▁who ▁is ▁responsible ▁for ▁award ing ▁the ▁broadcast ▁lic ences . ▁The ▁last ▁major ▁review ▁of ▁the ▁Channel ▁ 3 ▁franch ises ▁was ▁in ▁ 1 9 9 1 , ▁with ▁all ▁operators ' ▁lic ences ▁having ▁been ▁renew ed ▁between ▁ 1 9 9 9 ▁and ▁ 2 0 0 2 ▁and ▁again ▁from ▁ 2 0 1 4 ▁without ▁a ▁further ▁contest . ▁While ▁this ▁has ▁been ▁the ▁longest ▁period ▁that ▁the ▁I TV ▁Network ▁has ▁gone ▁without ▁a ▁major ▁review ▁of ▁its ▁lic ence ▁hold ers , ▁Of com ▁announced ▁( follow ing ▁consult ation ) ▁that ▁it ▁would ▁split ▁the ▁Wales ▁and ▁West ▁lic ence ▁from ▁ 1 ▁January ▁ 2 0 1 4 , ▁creating ▁a ▁national ▁lic ence ▁for ▁Wales ▁and ▁joining ▁the ▁newly ▁separated ▁West ▁region ▁to ▁West country ▁Television , ▁to ▁form ▁a ▁new ▁lic ence ▁for ▁the ▁en larg ed ▁South ▁West ▁of ▁England ▁region . ▁ ▁All ▁companies ▁holding ▁a ▁lic ence