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

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