Virgin Media's acquisition of UTV Ireland has been approved
UTV Ireland is Ireland's newest free-to-air commercial broadcaster.
This summer, Virgin Media announced its intention to acquire UTV Ireland.
Following this, Virgin Media today confirmed that it has now received regulatory and competition approval for the acquisition. This is big news for Irish television fans - it will create a commercial Irish broadcasting force to be reckoned with.
UTV Ireland already shows popular soaps like Emmerdale and Coronation Street, and TV3 - which was acquired by Virgin Media last year - is producing loads of original content, including homegrown drama Red Rock.
Speaking about the acquisition, Virgin Media’s CEO, Tony Hanway, said: “We’re delighted to have received regulatory approval to acquire UTV Ireland. This follows our acquisition of TV3 last year and we look forward to playing an even bigger role in the Irish broadcasting sector.”
Adding to this sentiment, Pat Kiely, who is the Managing Director of TV3, said that the purchase of UTV Ireland is “good news for viewers” and will support TV3 to further compete against “significant local and international competition”.