Cable Forum - View Single Post - Virgin Media sale of UKTV hits buffers...

weesteev · 17-02-2011, 16:08

"A dispute over a critical advertising sales contract is understood to have contributed to a hold-up in the sale of Virgin Media's 50% stake in UKTV to US broadcaster EW Scripps.

Scripps has been the frontrunner in the drawn-out process to buy the UKTV stake since late last year, but two sources said that negotiations have slowed to a crawl over a number of issues including the state of the UKTV ad sales contract, which is held by Channel 4.

The complication has not derailed the deal but, one insider said that Scripps executives were "no longer camped in a hotel in London" after the US broadcaster and newspaper group emerged as the preferred buyer in November."

Source - http://www.guardian.co.uk/media/2011...ktv-ew-scripps

17-02-2011, 16:08	#1
weesteev Cable Guru Join Date: Jun 2004 Location: Scotland Age: 42 Services: Virgin Media Gig1 RFOG, TV360, Stream, GoFibre 1Gb Posts: 1,050	Virgin Media sale of UKTV hits buffers... "A dispute over a critical advertising sales contract is understood to have contributed to a hold-up in the sale of Virgin Media's 50% stake in UKTV to US broadcaster EW Scripps. Scripps has been the frontrunner in the drawn-out process to buy the UKTV stake since late last year, but two sources said that negotiations have slowed to a crawl over a number of issues including the state of the UKTV ad sales contract, which is held by Channel 4. The complication has not derailed the deal but, one insider said that Scripps executives were "no longer camped in a hotel in London" after the US broadcaster and newspaper group emerged as the preferred buyer in November." Source - http://www.guardian.co.uk/media/2011...ktv-ew-scripps __________________ Access Network Innovation @ Liberty Global/Virgin Media All comments are my own opinion and not a direct expression of LG/VM.