Virgin Media sells £339m stake in UKTV

UK telecoms giant Virgin Media has sold its stake in UKTV – home of channels including Dave, Gold and Yesterday – to a US broadcaster for £339m (€385m).

Virgin Media sells £339m stake in UKTV
Mon, 15 Aug, 2011 - 15:17

UK telecoms giant Virgin Media has sold its stake in UKTV – home of channels including Dave, Gold and Yesterday – to a US broadcaster for £339m (€385m).

The 50% stake has been bought by Tennessee-based Scripps Network Interactive, which runs US lifestyle TV brands such as Food Network and Cooking Channel.

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CourtsBusinessHeathrowPlace: USPlace: UKPlace: TennesseeOrganisation: Virgin MediaOrganisation: UKTVOrganisation: Scripps Network InteractiveOrganisation: Food NetworkOrganisation: Cooking ChannelOrganisation: BBCOrganisation: BBC WorldwideOrganisation: VirginOrganisation: BravoOrganisation: Virgin 1Organisation: Sky
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