Tuesday, October 18, 2005

NTL under pressure to sell UKTV stake

The BBC is to put pressure on the merged NTL and Telewest to sell or cut its stake in UKTV, the joint-venture television business, once the two companies have completed their �3.33bn merger. This would help the BBC to value its own 50 per cent stake in UKTV, a joint venture with Flextech, the television content company which is part of Telewest. Sky is said to be keen to take control of UKTV.

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