ITV bid for UTV?

UTV, the owner of the ITV franchise for Northern Ireland, has confirmed it is in talks with ITV over the sale of its TV assets. The company has a market capitalisation of £150 million (€205m).

“The board of UTV Media notes the recent media speculation and confirms that it is in discussions regarding a potential sale of its television assets,” said the company. “Discussions are ongoing and may or may not result in such a transaction being agreed. A further announcement will be made when appropriate.”

UTV Media owns 12 local radio stations in the England, which it is also trying to sell. It also owns TalkSport and free magazine Sport.

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