Menu
09/08/2010
Virgin To Sell UKTV Stake
It has been reported that Virgin Media has put its 50% stake in UKTV up for sale.
The digital broadcasting venture between Virgin Media and BBC Worldwide launched in 1997, currently operates 10 linear channels, including Watch, Dave, Good Food and Yesterday.
UKTV also offers on-demand and online services and attracts around 36 million viewers every month.
BBC Worldwide are said to be in the running to close a deal, however, Channel 4 and Sky are also thought to be interested.
Sky purchased the Virgin Media Television business in June for £160m, including the Living, Bravo and Challenge brands.
The Sunday Times reported that Virgin's move to sell its UKTV stake is part of a strategy of disposing of non-core assets to concentrate on its cable business.
The sale is expected to produce approximately £350 million, which will contribute to reducing Virgin's corporate debt.
(BMcN/BMcC)
The digital broadcasting venture between Virgin Media and BBC Worldwide launched in 1997, currently operates 10 linear channels, including Watch, Dave, Good Food and Yesterday.
UKTV also offers on-demand and online services and attracts around 36 million viewers every month.
BBC Worldwide are said to be in the running to close a deal, however, Channel 4 and Sky are also thought to be interested.
Sky purchased the Virgin Media Television business in June for £160m, including the Living, Bravo and Challenge brands.
The Sunday Times reported that Virgin's move to sell its UKTV stake is part of a strategy of disposing of non-core assets to concentrate on its cable business.
The sale is expected to produce approximately £350 million, which will contribute to reducing Virgin's corporate debt.
(BMcN/BMcC)
Related UK National News Stories
Click here for the latest headlines.
09 May 2006
NTL announces 6,000 jobs cuts
Cable TV operator NTL, which recently acquired Virgin Mobile, has announced that it is to cut 6,000 jobs in the UK by 2007, as it trims back and outsources staff. The company said that the merger with Telewest was likely to realise savings of around £250 million-a-year, as the £3.4 billion merger was completed.
NTL announces 6,000 jobs cuts
Cable TV operator NTL, which recently acquired Virgin Mobile, has announced that it is to cut 6,000 jobs in the UK by 2007, as it trims back and outsources staff. The company said that the merger with Telewest was likely to realise savings of around £250 million-a-year, as the £3.4 billion merger was completed.
13 February 2015
Virgin Media To Create Thousands Of Jobs Following Broadband Investment
Up to 6,000 new jobs could be created with a £3 billion investment in fibre optic broadband Virgin Media has announced. The company, which currently has five million customers, said that the investment is the largest in the UK for more than a decade and would be worth £8bn in terms of stimulating economic activity.
Virgin Media To Create Thousands Of Jobs Following Broadband Investment
Up to 6,000 new jobs could be created with a £3 billion investment in fibre optic broadband Virgin Media has announced. The company, which currently has five million customers, said that the investment is the largest in the UK for more than a decade and would be worth £8bn in terms of stimulating economic activity.
25 April 2012
ASA Criticise Virgin Media For Small Print In Ad
The Advertising Standards Authority (ASA) has criticised Virgin Media for misleading the public by running ads that used fine print so small that it was impossible to read.
ASA Criticise Virgin Media For Small Print In Ad
The Advertising Standards Authority (ASA) has criticised Virgin Media for misleading the public by running ads that used fine print so small that it was impossible to read.
12 November 2008
Unemployment Highest In Over A Decade
Unemployment has risen by 140,000 to 1.82 million - the highest rate in 11 years, according to grim figures released today. The Office for National Statistics figures also revealed the number of people claiming Jobseeker's allowance last month increased by 36,500 to 980,900. This is the highest monthly increase since 1992.
Unemployment Highest In Over A Decade
Unemployment has risen by 140,000 to 1.82 million - the highest rate in 11 years, according to grim figures released today. The Office for National Statistics figures also revealed the number of people claiming Jobseeker's allowance last month increased by 36,500 to 980,900. This is the highest monthly increase since 1992.
19 September 2008
Brits Spend 14 Years In Front Of Tele, Says Report
There's a lot you could do in 14 years. Earn a doctorate, take a few world cruises, learn to play the piano at a grade eight level and perhaps cram in a few kids? However, it seem the majority of Britons spend a whopping 14 years of their lives simply vegetating in front of the television - that's according to a new survey.
Brits Spend 14 Years In Front Of Tele, Says Report
There's a lot you could do in 14 years. Earn a doctorate, take a few world cruises, learn to play the piano at a grade eight level and perhaps cram in a few kids? However, it seem the majority of Britons spend a whopping 14 years of their lives simply vegetating in front of the television - that's according to a new survey.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
