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UK: Irish channel ‘to be merged’ after losses

By  |  July 13, 2015

Despite a resurgent Irish television advertising market, UTV Ireland recently announced that it expected to lose as much as €16m in its first year, four times what it originally estimated.

“The solution that we think is plausible is to merge UTV Ireland into TV3, with UTV becoming a minority partner,” he said.

Liberty Global, which is the parent company of broadband and digital TV providerUPC, purchased TV3 last week in a deal that put the value of the station at £62.5m.

Full content: Belfast Telegraph

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