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ITV acquires UTV TV – where next? - Venture Insights

Report Overview

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ITV acquires UTV TV – where next?

PublisherEnders Analysis.
Publish Date October 26, 2015
Sector Broadcast TV, Media, Music and Radio, TV, UK Media.
Company ITV.

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The launch of UTV Ireland in the Republic has proved less than successful for UTV Media and has led to its divestment and that of its Channel 3 licence in Northern Ireland.

ITV has bought UTV Television for £100m cash and will own 13 of the 15 regional Channel 3 licences, though we do not see a play for STV in the medium term.

UTV Media is now able to fully focus on its main profit centre – its growing radio business in the UK and Ireland.