Television

BBC Broadcast sale enters next phase

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/08/BBC1.jpg?itok=NXYlAmaF

MUMBAI: The BBC has launched, on Thursday, the next stage of the sale process for its commercial subsidiary BBC Broadcast Ltd ("BBC Broadcast"). The sale is subject to the final approval of the BBC Governors and Executive Board and the Secretary of State for Culture, Media and Sport.

Eighteen organisations, buyers from both finance and industry, are being taken through to the next round. The list of financial bidders includes - Advent International, Apax Partners Worldwide LLP, Bank of Scotland Corporate, Barclays Pvt Equity, Bridgepoint, Exponent Pvt Equity, HgCapital, Kleinwort Capital LTD, Montagu Pvt Equity, Palamon Capital Partners LP and The Carlyle Group.

BBC business development director Peter Phillips was quotd by international media reports as saying, "We were really impressed with both the number and quality of companies expressing a serious interest in buying BBC Broadcast.

"We will shortly be beginning a rigorous evaluation of the 18 bidders, including assessing their effectiveness as long term business partners of the BBC and their cultural fit, to produce a shortlist towards the end of May."

BBC Broadcast is Europe's leading expert in the distribution and promotion of multimedia content and it offers a comprehensive range of services to play-out, publish, promote and provide media access for content across all media, from TV to mobile phones.

The sale follows on from the corporation's internal review of its commercial businesses. The review team concluded that, whilst the services provided by BBC Broadcast are vital to the BBC, they did not necessarily need to remain owned by the BBC.

The BBC believes that the combination of a new commercial owner and a partnership approach with the successful bidder will mean that the BBC can continue the strong relationship it has built up with BBC Broadcast.

A new owner will provide the business with opportunities for growth which are not available whilst it is owned by the BBC, but with the stability of an on-going contract in place with the BBC.

It is expected that the sale of BBC Broadcast and its management and staff to the successful bidder will take place by the end of the summer, subject to contract negotiations and regulatory approvals.

The BBC will be in full consultation with unions throughout the sale process.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/travelxp.jpg?itok=iNv-Q7K9
Travel XP HD enters & NDTV Good Times exits from Lifestyle genre

Zee Café continues to lead the English entertainment genre. Travel XP HD has entered Top 5 list and NDTV Good Times exited from the list of Lifestyle genre whereas Food Food and FYI TV18 interchanged their positions at third and fourth positions, respectively.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/GEC-SONY-Story.jpg?itok=26D_go9d
GEC: SET enters & Sab exits Top 10 as Star & Zee Anmol retain leadership

Sony Entertainment Television (SET) entered and Sony Sab dropped out of the Top 10 channels' list in the Hindi general entertainment genre (rural) space, according to BARC India week 29's all-India data. Star India retained its reign over Hindi GEC (Urban + Rural) as well as Urban segment whereas...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/sony_1.jpg?itok=GbkAaMGN
Sony Studios elevates Frost, Parnell & Clodfelter

Sony Pictures Entertainment (SPE) recently announced that Jeff Frost has been named president of Sony Pictures Television Studios, the production side of SPE’s television business. Frost will report to SPE chairman and CEO Tony Vinciquerra.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/Rajiv%20Chilaka_0.jpg?itok=rIEzNc0n
Chhota Bheem-makers launch Golden Robot Animation

MUMBAI: Green Gold Animation Pvt. Ltd, the multi-award winning animation studio, has embarked upon aggressive expansion plans. It has announced the launch of its brand new studio in Mumbai. The new entity ‘Golden Robot Animation’ will operate as a sister concern to Green Gold Animation with a...

Television TV Shows Animation
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/Smriti-Irani.jpg?itok=BOu-DGCv
Talent shortage in Prasar, manpower audit under way, admits Irani

NEW DELHI: Admitting there was an overall shortage of talent in Prasar Bharati, minister of information and broadcasting Smriti Zubin Irani said a manpower audit was in progress in this regard by the pubcaster.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/Discovery.jpg?itok=dmIRe1Ie
Discovery may emerge as sole Scripps bidder

MUMBAI: Scripps is reportedly moving ahead on talks with Discovery, and Viacom is out of the bidding race. TV network owners are struggling owing to a decline in subscriptions for satellite and cable services as they lose viewers to social networks and online video services.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/27/Untitled-1_0.jpg?itok=LcTn6n0o
What’s exciting Gajendra Singh about his new shows on DD

There’s a lot of excitement in Gajendra Singh’s voice. Most of us know him as Gaj - the creator of the super-successful musical formats on Zee TV -- Antakshri, SaReGaMa in the early part of the cable and satellite TV revolution. Today, as the founder of production house Saaibaba Telefilms, Gaj...

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/Rising-Rajasthan.jpg?itok=SlWdNYhD
News18 Network's Rising Rajasthan to be held in Jaipur

MUMBAI: Rising Rajasthan is being organized by News18 Network today at the Clarks Amer in Jaipur.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/kargi%3B_0.jpg?itok=QUnoYYjc
On the occasion of Kargil Vijay Diwas News18 India visits Kargil War Memorial

26th July is a very significant date for Indians and is engraved in golden letters as Kargil Vijay Diwas in the annals of Indian history. This year will be the 18th anniversary of the Kargil War. News18 India visits Kargil, where every year the Indian Army celebrates Kargil Vijay Diwas.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories