Virgin Media looking to offload 50% stake in UKTV
Virgin Media Inc. is looking to offload its 50% stake in digital broadcasting business UKTV, valued on its books at GBP351 million, and has hired UBS to find potential buyers, according to a person familiar with the situation.
UKTV, 50/50 JV between Virgin Media and BBC Worldwide, has extended its partnership with Red Bee Media.