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BSkyB bids $258 million for Virgin Media channels
 

Indiantelevision.com Team

(30 May 2009 6:30 pm)

 

MUMBAI: British Sky Broadcasting (BSkyB) has bid around $ 258 million for Virgin Media's package of seven digital TV channels. The channels include Living, Living Two, Bravo, Bravo Two, Challenge, Challenge Jackpot and Virgin1.

The bid is estimated to be around 60 per cent higher than the rival bidders, as reported by Financial Times. Others which have bid for the channel include Channel 4, the RTL group, owner of Five, Time Warner and NBC Universal.

However, with the recent row between Virgin Media and BSkyB that resulted in a 20-month break in the availability of channels including Sky1 and Sky News to Virgin Media's cable TV subscribers. Finally, both the companies agreed on a carriage deal late last year.

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