Re: Virgin Media & UKTV+ITV Channels
Not the deal ITV was after - most likely no huge sums involved over and above what Virgin already pays and Virgin maintains its long-held position on the issue of retransmission fees.
New ITV CEO Carolyn McCall was under huge pressure from shareholders to secure a deal and she managed that without losing too much face. The promise of extra HD, 4K, box sets and catch up content should give ITV's coffers a boost (although not as much as retransmission fees) and Virgin's concession - agreeing to expand advertising and marketing of ITV programming- should help too.
All in all a good deal for both, but better for Virgin.
Next for ITV will be to secure a similar deal with Sky.
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