Monday 11 December 2017

Inside Project Evergreen: TV3

Tv3 Autumn 2013 Schedule launch at Tv3's Sony Hd Studio in Ballymount Dublin
Tv3 Autumn 2013 Schedule launch at Tv3's Sony Hd Studio in Ballymount Dublin

TV3's majority owner is private equity giant Doughty Hanson, which bought it for €265m in 2006 in a deal partly financed by Anglo. Doughty Hanson operates the station, and its sister channel 3E, through an Irish subsidiary called Tullamore Beta, which owed about €60m to IBRC at the end of 2012. The company paid a hefty €8.4m interest bill that year on its borrowings, which also include other large loans from its parent, pushing annual losses in 2012 to €7m.

Doughty Hanson is expected to bid on the loans, but Northern Irish rival UTV, which plans to launch its own Republic-only station in 2015, is also rumoured to be interested.

Irish Independent

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