Virgin Media put UKTV stake up for sale

Virgin Media’s 50 per cent stake in UKTV – which owns the channels Dave and Gold – is up for sale for around £350m.

BBC Worldwide will have the right of first refusal, due to UKTV starting as a 50/50 joint venture back in 1997 between the two companies.

The sale had already been admitted by the cable company’s chief executive Neil Berkett to MediaGuardian.co.uk, two weeks ago.

Back in June Virgin Media flogged off its Virgin Media Television Business, which operates channels including the now defunct Virgin 1, to BSkyB for £160m.

Comments

comments

 

“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

Subscribe to Media Digest via Email

Enter your email address to subscribe to Media Digest and receive notifications of new stories by email.

Latest Media Industry News, Independent News and Media, UK