The Price of Shopping Channels and Old Repeats . . . Pounds-800m? Telewest Is Looking to Make the Best Part of Pounds-1bn If Its Flextech Channels Are Sold Off. Steven Vass Reports
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Summary
ANY day now, it looks like Telewest will officially put its content arm Flextech up for sale to clear the way for a merger with NTL.
The word is that Telewest does not want to sell its suite of channels, which includes Living TV, UKTV Gold and Bravo; but still an auction seems inevitable. NTL chief executive Simon Duffy is on record as saying he does not see the sense in a channelplatform owning content.See the full content of this document
Extract
The Price of Shopping Channels and Old Repeats . . . Pounds-800m? Telewest Is Looking to Make the Best Part of Pounds-1bn If Its Flextech Channels Are Sold Off. Steven Vass Reports
Perhaps more importantly, both companies' largest shareholder, New Jerseybased William Huff Asset Management, is apparently keen for a deal at the right price.
But as Flextech makes its way kicking and screaming to the auction block, there are big questions about how much it is worth. Depending on who you believe, Telewest is seeking between pounds- 8...See the full content of this document
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