Virgin Media sells UKTV stake to Scripps for £339m
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Virgin Media has sold its 50% stake in pay-TV channel operator UKTV to American broadcaster Scripps Networks Interactive in a deal worth £339 million.
Scripps - which launched its Food Network channel on Freeview in the UK last month - will pay £239m to purchase Virgin Media's shareholding in UKTV, and will also acquire all outstanding preferred stock and debt owed by UKTV to Virgin Media for £100m
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