Liberty Global rules out bid for ITV

Monday 23 March 2015 | 08:35 CET | News
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Cable group Liberty Global ruled out a bid to acquire UK broadcaster ITV. Liberty is ITV's second-largest shareholder with a 6.45 percent stake. However CFO Charlie Bracken told the Financial Times that ITV "looks awfully pricey". He added that the company does not plan to invest "billions of dollars in content — that's not our game". A former Goldman Sachs banker, Bracken also said that Sky, Liberty's pay-TV rival, "is in trouble" over the next 5-10 years, due to its reliance on satellite technology. Europe's telecoms market will be dominated by "three or four players" within two decades, he

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Categories: Broadcast & Satellite
Companies: ITV / Liberty Global
Countries: Europe / United Kingdom
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