MICHAEL GRADE'S BIGGER PICTURE In a tough year, Pinewood merged with Shepperton and broke into the television business. The studio chief talks to Young Journalist of the Year Sathnam Sanghera QUALITY AND AVAILABILITY Rules for regulation Patricia Hodgson, ITC chief, sets out the priorities around which media regulation should be built SELLING TELEVISION It's ITV Jim, but not as we know it ITV Digital has forced an already beleaguered ITV to re-invent itself and persuade clients it can still deliver mass audiences MONEY IN THE BOXES Battle of the business models Microsoft made a fortune by winning the battle for the desk-top. Could the dominant set-top box software bring its developer similar riches? IN THE DEEP END Trying to keep it real New-style pitching is starting to challenge the traditional parade of agency nobs