Broadcast News

Bookmark and Share
23/11/2000

UTV TO ACQUIRE CORK-BASED COUNTY MEDIA

UTV have announced the proposed acquisition of County Media, a radio broadcasting business based in Cork, Ireland, for IR£28.5 million.
In addition, UTV will assume liability for the net debt in County Media of circa IR£3 million.
Commenting on the acquisition, John McCann, Managing Director of UTV, said: “The acquisition of County Media is an important strategic development for UTV, which will further strengthen our multi-media offering throughout Ireland. This acquisition will serve to enhance the earnings of UTV Group and reinforce our position as a significant player in the indigenous market.”
The consideration will be payable by UTV in cash and loan notes on completion and will be financed by a combination of UTV’s own resources and bank borrowings.
(CD)
VMI.TV Ltd

Top Related Stories
Click here for the latest broadcast news stories.

19/04/2001
UTV SIGN FOR MAJORITY HOLDING IN COUNTY MEDIA
ULSTER Television (UTV) have announced the completion of the acquisition of 60 per cent of the issued capital of County Media. UTV have paid IR£17.3 m
06/03/2012
UTV Media Announces Acquisition Of Simply Zesty
A successful media company in the UK and Ireland incorporating Radio, Television, New Media and Publishing has revealed that they have bought a social
11/12/2006
UTV In Fresh Merger Talks With SMG
UTV have confirmed that they are back in talks with Scottish Media Group (SMG) over a potential merger. In August SMG, the sixth largest programme pro
10/06/2011
UTV Gives Away Video Content To Local Websites
UTV Everywhere is a new digital initiative offering UTV Player local content to Northern Ireland organisations for use of their websites free of charg
13/02/2008
UTV Acquires Tibus For £5 Million
UTV plc has acquired Tibus, an all-Ireland focused web design agency with offices in Dublin and Belfast for £5 million. Tibus, which employs 30 people
15/10/2007
UTV Restructuring Goes Ahead
The board of UTV has has announced that a corporate restructuring has been approved by shareholders. Under the restructuring scheme a new listed compa
04/01/2011
UTV In Your Hands
Northern Ireland broadcaster UTV has launched into the mobile app market, with a free UTV Live mobile app available for download on both iTunes and An
31/08/2006
SMG Rejects Merger Proposals With UTV
Scottish Media Group (SMG) has rejected a merger proposal advanced by UTV. UTV, which owns the Ulster ITV licence and radio station TalkSport, made it
06/10/2022
Gravity Media Promotes Jamie Brewer To Director - Media Services And Facilities
Gravity Media has promoted Jamie Brewer to Director – Media Services and Facilities across the EMEA region. In his new role, Jamie will be responsible
26/10/2021
Cablecast Community Media Platform Helps CCX Media Create Connected Community OTT Experiences
Established in 1982, Northwest Community Television rebranded its services as Connected Community Experience (CCX) Media in 2017 to better reflect the
17/09/2021
Qvest Media Develops Media Archive Infrastructure For France Télévisions
Qvest Media has developed and implemented a future-proof and centralized media archive infrastructure for France Télévisions. The world-leading system
01/03/2001
UTV ACQUIRES MAJORITY OF COUNTY MEDIA
ULSTER Television (UTV) has received the go ahead to acquire a 60 per cent stake in County Media for around IR£17.1 million. The deal had been on hold
22/09/2009
UTV's Birthday To Be Celebrated
Viewers of Ulster Television are to get the chance to celebrate a major broadcasting milestone. This autumn, the channel celebrates 50 years of broadc
14/03/2023
Big Pic Media Helps Build ELMNTL
Big Pic Media has announced its role in helping build London's latest creative studio, ELMNTL. The Shoreditch facility is built around a host of cloud
11/06/2002
UTV AGM told of 'excellent progress' despite downturn
UTV chairman, John McGuckian, has told the company's AGM that the broadcaster had put in a "strong performance" despite the difficulties facing the me