Virgin to Sell share in UKTV
Monday, August 09th, 2010 | Author: Watty
Virgin media recently sold its own channels to Sky. Now it wants to sell off its half share in 10 more digital TV channels, including Dave and Gold, and aims to raise at least £350m from the disposal, the Sunday Times reports.
The channels are part of UKTV, which is jointly owned by the BBC.
With the sale of UKTV, Virgin Media will become a pure play telecoms company, straddling cable TV and landlines, broadband and mobile.
Sky will be a potential customer and BBC has first refusal rights. But arguably Sky should be either a Platform or a Broadcaster, not both.
Category: Consumer Issues