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STILL TOP OF THE POPS

HMV boss Simon Fox has pledged his loyalty to the music and film retailer by pulling out of the race for the top job at ITV, City A.M. can confirm. Fox, who was tipped by many as a strong contender to replace Michael Grade as chief executive of the embattled broadcaster, has assured the HMV board he is committed to seeing through the three-year turnaround programme he put in place at the company in early 2007.