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VMtv Sell-off Looks More Likely As CEO Wall Exits

imageThe speculation has rolled on for months that Virgin Media (NSDQ: VMED) will try to sell its content-making VMtv unit, but it looks increasingly likely now that the company has confirmed VMtv’s CEO Malcolm Wall is to leave the company after three years. What’s more, Times Online - which is now getting its turn in reporting the sell-off speculation - reports UBS has been brought in to handle the sale, with a hoped-for price tag of £500 million. VMtv operates Virgin’s own channels (Trouble, Bravo, Living, Challenge and Virgin 1), Sit-Up auction channels and half of the UKTV JV with BBC Worldwide. Full story on paidContentUK...

Mar 5, 2009 4:13 PM ET
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Posted In: Media & Publishing, TV, Cable & Telecom, Countries, Europe, malcolm wall, virgin media

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