UTV may sell its TV unit in Northern Ireland
Wednesday 21 March 2012
UTV Media, the owner of Talksport radio, has hinted it could be interested in selling its television business in Northern Ireland.
"Less than a quarter of profits come from TV now. We're essentially a radio business," Scott Taunton, a UTV Media board director and the managing director of its British radio division, said yesterday.
There has been speculation that ITV might buy UTV's TV business in Northern Ireland, where it has the Channel 3 licence.
"If that was something they were interested in, we'd have a conversation," Mr Taunton said.
Alex de Groote, an analyst at Panmure Gordon, said the City is watching for signs of a change of strategic direction after a boardroom split last month that saw the group's long-serving chairman John McGuckian and two other directors quit. But Mr Taunton said: "The future of the company remains as it was."
Profits before exceptionals jumped 10 per cent to £23.3m last year. But it made a pre-tax loss of £21.7m after a £45m "non-cash" writedown on the its Irish radio business.
- 1 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
- 4 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
- 5 #AskNigelFarage: Twitter starts hilarious Q&A for Ukip leader
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Tony Blair 'says Ed Miliband will lose 2015 general election'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Putin: The US is to blame for almost all the world's major conflicts
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...