US channel group Scripps Network Interactive is close to acquiring Virgin Media’s 50% stake in British thematic channel operator UKTV.
The company, which operates a raft of US cable networks including the Food Network and the Travel Channel, is expected to pay around £350 million (€400 million) for the stake. BBC Worldwide, the commercial arm of the British public broadcaster, owns the remaining 50% stake in UKTV, which operates channels including Dave, Yesterday, Really and Good Food.
Two potential barriers to a sale – a recent advertising sales deal between UKTV and Channel 4, and problems over video-on-demand rights to BBC Worldwide content – have reportedly been surmounted.
ICYMI: Mediaset: no last-minute resolution to Vivendi dispute digitaltveurope.com/2021/04/16/med…
16 April 2021 @ 20:02:00 UTC
ICYMI: Amazon Prime at 200 million subscribers digitaltveurope.com/2021/04/16/ama… https://t.co/inpIBZ0Kkn
16 April 2021 @ 19:00:00 UTC
Orange France launches mesh Wi-Fi repeater digitaltveurope.com/2021/04/16/ora… https://t.co/6nY9CVh3sy
16 April 2021 @ 17:30:00 UTC