Motive Television Plc Share News (MTV)

LONDON (Dow Jones)--Motive Television PLC (MTV.LN), a media investment company, announced Tuesday the sale of its 49.9% stake in independent television production subsidiary, Brown Eyed Boy or BEB, to the U.K. Independent production company, Shine Group Limited for GBP204,000. MAIN FACTS: -Motive held a 49.9% stake in BEB; Gary Reich, Managing Director of BEB, owned the remaining 50.1%. Both parties have sold their shares in BEB to Shine. -Shine has indicated that the move, which will expand its comedy output, will see Brown Eyed Boy join Dragonfly, Kudos, Princess Productions and Shine TV as its fifth U.K.-based production company. -BEB's Managing Director Gary Reich will continue to spearhead the writer/performer led talent house receiving operational support from Kudos. -The Group is continuing to seek acquisition opportunities in the Digital Terrestrial Television (DTT) Technology sector. -Shares at 1514 GMT stood at 0.43 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires June 29, 2010 11:15 ET (15:15 GMT)