5th Apr 2006 15:13
ITV PLC05 April 2006 ITV Agrees Sale of Granada Learning ITV plc ("the Company") today announces the sale of Granada Learning, theeducational publishing business, to the private equity firm Veronis SuhlerStevenson in a deal worth up to £53 million. The initial consideration consists of £35 million, satisfied through a mixtureof cash and vendor loan notes, with a further £18 million payable subject to theperformance of the business over the next two years. Since the creation of ITV in 2004 the Company has raised more than £300 millionin cash through the disposal of non-core assets. -ENDS- Contacts: Analysts Tel: 020 7620 1620Georgina Blackburn Head of IR Media ITV Tel: 020 7396 6000 Brigitte Trafford Communications DirectorJim Godfrey Head of Corporate Affairs Citigate Dewe Rogerson Tel: 020 7282 1076Anthony Kennaway Notes to Editors: About ITV ITV is Britain's biggest and most popular commercial broadcaster, with 82% ofpeople in the UK watching ITV in any week. ITV's flagship channel - ITV1 - isthe home of the most popular drama and entertainment programmes on Britishtelevision and ITV2, 3 and 4 are among the most popular channels onmulti-channel television. The Granada Learning Group consists of the following:Granada Learning LimitedThe NFER-Nelson Publishing Company LimitedLetts Educational LimitedDavid Fulton (Publishers) LimitedLeckie and Leckie LimitedDavid Fulton (Publishers) Limited This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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