Feeds

Virgin Media puts Dave and Gold on the block

BBC in the frame for UKTV

Internet Security Threat Report 2014

Isn't it funny how core businesses stop being core when you are making a loss?

This is the case for Virgin Media, the cable TV operator, which is loaded down with almost £6bn in debt. Now it wants to sell off its half share in 10 digital TV channels, including Dave and Gold, and aims to raise at least £350m from the disposal, the Sunday Times reports.

The channels are part of UKTV, which is jointly owned by the BBC.

With the sale of UKTV, Virgin Media will become a pure play telecoms company, straddling cable TV and landlines, broadband and mobile.

The BBC is said to have first refusal over the purchase and could certainly afford to buy out Virgin Media. But politically this may be a poor move, at a time, when the Corporation is under fire from all sides for profligacy.

The Sunday Times also names Channel 4 and BSkyB as potential buyers.

Virgin and Sky have fought long and hard over access fees for channels on each other's platforms. They kissed and made up in June, when Virgin sold some TV channels to BSkyB for £160m and waived so called carriage fees for running Sky programmes.

Internet Security Threat Report 2014

More from The Register

next story
Hi-torque tank engines: EXTREME car hacking with The Register
Bentley found in a hedge gets WW2 lump insertion
What's MISSING on Amazon Fire Phone... and why it WON'T set the world alight
You fought hard and you saved and earned. But all of it's going to burn...
Trousers down for six of the best affordable Androids
Stylish Googlephones for not-so-deep pockets
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.