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Latest Satellite News Discussion, New Virgin rethinks channels sale plan at General Satellite News forum; Virgin rethinks channels sale plan Monday, 16 November 2009 UK cable operator Virgin Media reportedly has put on hold its ...

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Thumbs up New Virgin rethinks channels sale plan - 16-November-2009, 14:20

Virgin rethinks channels sale plan

Monday, 16 November 2009


UK cable operator Virgin Media reportedly has put on hold its plan to divest itself of its many thematic channels. Plan B is to seek other ways of raising money.

A report in the London Times suggests that Virgin Media is reviewing its plan to raise $160m from the sale of its cable and satellite channels, such as Living, Bravo, and Challenge, as well as plans to sell its 50% in its joint-venture with BBC Worldwide (the UKTV channels).


The report says that Virgin had narrowed down to three the potential bidders, and names Viacom, Time Warner and BSkyB as the three interested parties. Sky is said to have been the most committed potential bidder.



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