Media
UTV is considering making a takeover bid for SMG, the owner of Scottish TV and Virgin Radio, according to The Observer.
The paper quoted a "City source" as saying: "[UTV CEO] John McCann has crunched the numbers before and if SMG's shares fall much lower he could well have a go."
UTV owns the Ulster Television franchise; a takeover of SMG would add the Scottish and Grampian TV licences (now identified solely as STV on-air) to its portfolio. ITV holds a 16.9% stake in SMG but it is unclear, given the turbulence at the top of the network at present, what the position of ITV CEO Charles Allen would be on a UTV takeover of SMG.
The paper quoted a "City source" as saying: "[UTV CEO] John McCann has crunched the numbers before and if SMG's shares fall much lower he could well have a go."
UTV owns the Ulster Television franchise; a takeover of SMG would add the Scottish and Grampian TV licences (now identified solely as STV on-air) to its portfolio. ITV holds a 16.9% stake in SMG but it is unclear, given the turbulence at the top of the network at present, what the position of ITV CEO Charles Allen would be on a UTV takeover of SMG.
More: Media, Broadcasting
More Media News
Satellite TV News
Sky marks Jubilee with Union Jack remoteSky and One For All create universal remote celebrating the landmark UK summer.
Cable News
Pirate Bay blockade begins with VirginBT, Sky, others to follow suit, but rights groups warn it won't tackle piracy.
Freeview News
Freeview+ made easier for blind peopleRNIB develops software to make it easier for blind people to use Freeview+.
Video on Demand
'World first' social VOD service launchesThe studio behind Plan B's iLL Manors offers VOD users rewards for sharing.
