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<p>The Times Online is reporting that Virgin <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/media/article5848247.ece">has retained UBS</a> to advise on the sale. The company's content division operates Virgin's channels and has a 50% stake in the UKTV joint venture with BBC Worldwide.</p>
<p>Virgin Media has been saddled by £6bn in debt and reportedly hopes that the content division will find a buyer in the £500m range. The Times reports that Virgin investors would like to see the company refocus "<em>on its core business of providing broadband, telephony and
television to consumers, rather than continuing to create programming.</em>"</p>
<p>The company has been active in using the internet, although as paidContent:UK's Patrick Smith <a href="http://www.paidcontent.co.uk/entry/419-virgin-media-considers-content-division-sale-ceo-departs/">points out</a>, the company "<em>has been closing portals tied to TV brands over the last 18 months</em>" and folding others into larger properties it controls.</p>
<p>Another example that it's tough times indeed in the world of cable as well.</p>
<p>The Times Online is reporting that Virgin <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/media/article5848247.ece">has retained UBS</a> to advise on the sale. The company's content division operates Virgin's channels and has a 50% stake in the UKTV joint venture with BBC Worldwide.</p>
<p>Virgin Media has been saddled by £6bn in debt and reportedly hopes that the content division will find a buyer in the £500m range. The Times reports that Virgin investors would like to see the company refocus "<em>on its core business of providing broadband, telephony and
television to consumers, rather than continuing to create programming.</em>"</p>
<p>The company has been active in using the internet, although as paidContent:UK's Patrick Smith <a href="http://www.paidcontent.co.uk/entry/419-virgin-media-considers-content-division-sale-ceo-departs/">points out</a>, the company "<em>has been closing portals tied to TV brands over the last 18 months</em>" and folding others into larger properties it controls.</p>
<p>Another example that it's tough times indeed in the world of cable as well.</p>
2009-03-06T07:09:18+00:00
0
1
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<p><strong><img alt="" height="100" src="http://farm3.static.flickr.com/2244/2176837658_7f52bab49c_t.jpg" style="margin-left: 5px; margin-right: 5px; float: left;" width="75" />Rumors are circulating that UK cable group Virgin Media is looking to sell off its content division.</strong></p>
<p>The talk of an asset sale come on the heels of the announcement that the division's chief, Malcom Wall, <a href="http://www.guardian.co.uk/media/2009/mar/04/malcolm-wall-to-leave-virgin-media">would be leaving in April</a> to pursue his own interests.</p>
<p><strong><img style="margin-left: 5px; margin-right: 5px; float: left;" src="http://farm3.static.flickr.com/2244/2176837658_7f52bab49c_t.jpg" alt="" width="75" height="100" />Rumors are circulating that UK cable group Virgin Media is looking to sell off its content division.</strong></p>
<p>The talk of an asset sale come on the heels of the announcement that the division's chief, Malcom Wall, <a href="http://www.guardian.co.uk/media/2009/mar/04/malcolm-wall-to-leave-virgin-media">would be leaving in April</a> to pursue his own interests.</p>
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<p>Econsultancy's <strong><a href="http://econsultancy.com/reports/internet-statistics-compendium">Internet Statistics Compendium</a></strong> is a comprehensive compilation of web-related statistics and online market research with data, facts, charts and figures. A great time-saver when preparing for presentations and pitches.</p>
<p>Econsultancy's <strong><a href="http://econsultancy.com/reports/internet-statistics-compendium">Internet Statistics Compendium</a></strong> is a comprehensive compilation of web-related statistics and online market research with data, facts, charts and figures. A great time-saver when preparing for presentations and pitches.</p>
Report: Virgin Media looks to sell content division
false
2009-03-06T08:49:00+00:00
report-virgin-media-looks-to-sell-content-division
2009-04-29T21:29:11+01:00
2009-10-13T10:04:35+01:00
905