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UK's ITV shares drop as Liberty Global reduces stake

** Shares of UK's ITV ITV.L down 7.6% at 68.9 p, top loser in London's mid-caps index .FTMC

** Bookrunner says Liberty Global LBTYA.O, the largest shareholder in the British broadcaster, reduced its stake in ITV to 5% from 10%

** Bookrunner said LBTYA sold about 191 million shares

** Up to Tuesday's close, the stock had risen 1.29% so far this year

 (Reporting by Simone Lobo in Bengaluru)

 ((((Simone.Lobo@thomsonreuters.com; +919920570373;))

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