Monday, 24 August 2015

ITV set to buy UTV

UTV Media has confirmed that it is in discussions regarding a potential sale of its television assets.

In a note to the market today, the Belfast-based company notes the recent media speculation and says discussions are ongoing and may or may not result in such a transaction being agreed.

UTV says a further announcement will be made when appropriate, but the Belfast Telegraph says the deal will be done this week.