Sunday 22 October 2017

UTV confirms it is in talks to sell its television assets

Broadcasters Alison Comyn and Pat Kenny celebrate the launch of UTV Ireland in August 2014
Broadcasters Alison Comyn and Pat Kenny celebrate the launch of UTV Ireland in August 2014
Gavin McLoughlin

Gavin McLoughlin

UTV Media has confirmed it is in talks to sell its television assets, which include UTV Ireland.

The company told the Stock Exchange this morning that "discussions are ongoing and may or may not result in such a transaction being agreed".

A further announcement will be made when appropriate.

Media speculation over the weekend linked UK company ITV with a move for the television assets. TV3 owner Liberty Global - billionaire John Malone's media business - has a 10pc stake in ITV.

ITV declined to comment.

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