Virgin Media to acquire UTV Ireland16 November 2016
Virgin Media has received regulatory and competition approval to acquire UTV Ireland.
The free-to-air channel, launched in January 2015, was bought out by ITV subsidiary UTV Ireland in February this year.
Tony Hanway, CEO, Virgin Media, Ireland, said, “We’re delighted to have received regulatory approval to acquire UTV Ireland.
“This follows our acquisition of TV3 last year and we look forward to playing an even bigger role in the Irish broadcasting sector.”
The agreement includes a comprehensive ten-year output deal in Ireland for ITV-produced programming.
Pat Kiely, managing director, TV3, said, “The purchase of UTV Ireland is good news for viewers and will support TV3 to further compete against significant local and international competition.”