UTV shareholders agree on £100m sale to ITV
UTV shareholders agree on £100m sale to ITV
Posted by
UTV shareholders agree on £100m sale to ITV

The official resolution to sell UTV’s television business to ITV was was duly passed at a general meeting today.

Shareholders gave the thumbs up to the deal, meaning the company will now rename itself and concentrate on its UK and Irish radio divisions, along with its websites.

It’s not yet known what the new company will be called, or whether it will invest the proceeds of the sale (after debts and fees) towards its expanding its radio portfolio, or continue to sell its stations.

UTV has recently sold one of its stations to Global, meaning Juice FM Liverpool will become Capital next month. However, the company is gearing up towards the launch of three brand new national radio stations early next year on DAB.

The sale to ITV is expected to complete in the first few months of 2016.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 1 3318 01 December, 2015 Industry News 4:58 pm 201512 Tuesday, December 1st, 2015

Leave a Reply

Looking for something else?

Register

Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

Closing Date: Audio Production Awards - September 29, 2016 at 11:59 pm (Online)
The Imaging Days - October 3, 2016 at 8:00 am (Holland)
The Imaging Days - October 4, 2016 at 8:00 am (Holland)
Radiodays Ireland - October 17, 2016 at 10:00 am (Dublin)
Radiodays Ireland - October 18, 2016 at 10:00 am (Dublin)
ARIAS - Audio and Radio Industry Awards - October 19, 2016 at 6:00 pm (First Direct Arena, Leeds)
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Audio Production Awards - November 24, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
More events