• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

SEENIT

TV, Film, Broadband, Pay-TV, Games, Computing and Tech | News, Comment & Reviews

  • NEWS
  • UPCOMING BLU-RAYS
  • ADVERTISE
  • Twitter

ITV to buy Northern Ireland’s UTV in £100m deal

October 19, 2015 - Staff@seenituk

UTV is to sell its Irish TV channels to ITV Plc in a £100m deal, it was announced today.

The two companies first confirmed they were in talks in late August and today announced they’d reached “a conditional agreement” for the sale of UTV, the Northern Ireland Channel 3 franchisee, and the recently launched UTV Ireland which broadcasts to the Republic of Ireland.

Today’s deal reduces the number of Channel 3 franchise holders to just two, with ITV Plc operating 13 and Scotland’s STV holding the remaining two.

Commenting on the sale, Richard Huntingford, UTV’s Chairman said: “The last few years have seen increasing consolidation in the global television sector, creating media companies that span content, broadcast and platform ownership.

“Having successfully extended the reach of our television business with the launch of UTV Ireland, I believe that Shareholder value can be maximised through our television interests becoming part of ITV’s global broadcast and content business.

“ITV will be a good owner of the business and, with its scale and reach, will be able to accelerate the future growth of the business.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

RECENT ARTICLES

Top Gun becomes oldest film to top the UK’s Official Film Chart

BBC Sounds now available on PlayStation 5

Green Lantern: Beware My Power is coming to Blu-ray in July

The Lord of the Rings: Gollum gets final console and PC release date

UPCOMING BLU-RAY RELEASES

Luis Buñuel’s The Discreet Charm Of The Bourgeoisie is coming to 4K UHD Blu-ray

Brian De Palma’s The Untouchables is coming to 4K UHD Blu-ray

Downton Abbey: A New Era now available to pre-order on Blu-ray and DVD

The Shaolin Plot to be released as part of the Eureka Classics range

POPULAR

Paramount+ gets confirmed UK launch date and pricing

Streaming sticks and Smart TVs will be forced to prominently display UK catch-up apps under new rules

Virgin Media unveils its new streaming TV service

Sky to offer its streaming puck as a standalone device

ADVERTISE ON SEENIT

We’re pleased to offer a number of advertising opportunities to high quality brands including sponsored content, competitions and advertising placements.

Please contact us for details.

 

TOPICS

Audio Blu-rays and DVD Cinema Gaming Guides Streaming Telecoms Telecoms Television

Copyright © 2022 · All Rights Reserved · Contact Us · Copyright · Terms of Use · Privacy Policy · StreamedTV.uk