Complex sentence: ITV anticipated that the BBC would buy the land to construct a new media development but The Peel Group proposed the MediaCityUK site in Salford Quays and the BBC agreed to move there.
Split into simpler sentences: ITV anticipated that the BBC would buy the land to construct a new media development. These plans were abandoned when The Peel Group proposed the MediaCityUK site in Salford Quays and the BBC agreed to move there.