26 Aug 2015 15:19
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Don't have an account? Click here to register.ITV to buy UTV's television business for GBP100m
Mon, 19th Oct 2015 07:04
(ShareCast News) - ITV has agreed to acquire Northern Irish broadcaster UTV Media's television assets for £100m.The FTSE 100 broadcaster announced the deal on Monday, which is subject to regulatory and shareholder approval.Once the deal is approved, ITV will hold 13 of the 15 regional licences for the Channel 3 network.It leaves UTV Media with just its radio and digital assets including UTV Radio GB, which runs talkSPORT.Chief executive Adam Crozier said ITV already had a long-standing relationship with UTV and intended to further strengthen the Northern Irish channel's offering with more ITV programmes."UTV Television's strategic objectives are closely aligned with our own and we are very pleased that they are joining the ITV family."UTV Media chief executive John McCann said the TV business has been built over many years on a mix of high quality local programming around an attractive network schedule."Becoming part of the ITV family is by far the best way to take UTV's television business forward with an ongoing focus to provide brilliant television to viewers right across Ireland."CMC Markets analyst Jasper Lawler said the deal is good for ITV's market reach in Ireland."But [the deal] does depart from the broadcaster's recent strategy of moving away from advert-depend businesses."At 1051 BST, ITV shares were up 0.3p to 249p, while UTV Media shares were up 10.75p to 184.25p.
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26 Aug 2015 05:17
25 Aug 2015 15:02
25 Aug 2015 08:56
BUZZ-UTV Media: sale talk lifts stock
** Northern Ireland's UTV Media continues to climb a day after it said it may sell its TV franchise ** One of only two independent broadcasters in the ITV network, UTV rises 8 pct, with more than a day's average volume traded in the first hour and a half ** Stock second best performer
Read more25 Aug 2015 05:19
24 Aug 2015 15:31
24 Aug 2015 14:39
UTV Media may be set to sell TV arm to ITV
(ShareCast News) - UTV Media may sell its TV assets following a failed push into the Republic of Ireland. In response to speculation over the weekend of a sale to ITV, the company confirmed it was "in discussions regarding a potential sale of its television assets." On 23 June the company, which ma
Read more24 Aug 2015 09:42
UPDATE 2-UTV Media in talks to sell TV assets; ITV tipped as buyer
* ITV reported to be prospective buyer * Recently launched Republic TV channel dragging on UTV * TV sale would leave it with radio business (Adds analyst comments, details, share movement) By Noor Zainab Hussain and Paul Sandle Aug 24 (Reuters) - Northern Ireland's UTV M
Read more24 Aug 2015 07:24
BUZZ-UTV: Up on talk of shedding TV assets
** Northern Ireland broadcaster UTV's shares up 5.7 pct after it said it was in talks to sell its television assets ** Media reports on the weekend said ITV is expected to snap up the assets ** FTSE 100-listed ITV's shares fell as much as 4.5 pct ** UTV's new Irish TV channel ha
Read more24 Aug 2015 06:08
UTV Media in talks for potential sale of television assets
Aug 24 (Reuters) - Radio and television broadcaster UTV Media Plc said on Monday that it was in discussions for a potential sale of its television assets. "Discussions are ongoing and may or may not result in such a transaction being agreed," the company said. The Belfast Telegraph re
Read more24 Aug 2015 05:16