Media
The Russian-born American billionaire's Access Industries already holds a 3% stake in the sports broadcaster, and has a controlling stake in terrestrial pay TV company Top Up TV.
According to BBC News, it is hoped that Blavatnik's offer - which arrived at Setanta within the last 48 hours - will buy the company time to avoid going into administration.
Setanta has defaulted on a £3m payment to the SPL and must make a £30m payment to the Premier League by Monday. It is not currently accepting new subscribers.
TV Ratings
Judi Dench draws 4.1m on 'Graham Norton'ITV1 pips BBC One to the highest primetime audience share.
Tube Talk
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US TV Ratings
'Blue Bloods', 'Grimm' rise on FridayCBS beats ABC to win Friday night's ratings battle, thanks to Blue Bloods.
TV Interviews
'Celebrity Apprentice' Debbie Gibson Q&ADebbie Gibson opens up about her Celebrity Apprentice experience.
