7th Apr 2008 07:30
ITV PLC07 April 2008 7 April 2008 ITV SELLS STAKE IN ARSENAL BROADBAND ITV plc today announced it has completed the sale of its 50% share in ArsenalBroadband Limited to KSE UK, Inc, a vehicle controlled by Stan Kroenke, for atotal consideration of £22.7m. The total received by ITV from KSE for its interests in Arsenal is £65m. The sale of this stake brings to a conclusion ITV plc's football asset disposalprogramme. Since February 2007 ITV plc has also successfully completed the saleof its shareholding in Liverpool Football Club and Athletic Grounds Plc for£17.4m; the sale of its stake in MUTV for £3.3m; and the sale of its stake inLiverpoolfc.tv for £15.75m. ITV plc has now raised over £620m through the disposal of non-core assets sincethe merger of Granada and Carlton in 2004. Tom Betts, Commercial and Acquisitions Director, ITV plc, said: "This completes the sale of our football assets which has seen us successfullyraise £101 million from those football assets in just over a year. We would like to wish Arsenal.com and KSE UK, Inc the very best for the future." For further enquiries please contact: ITV plc Tel: 0844 8818000 Press enquiries Ruth Settle Investor enquiries Pippa Strong - Head of Investor Relations Tulchan Communications Tel: 0207 353 4200 Andrew Grant Susannah Voyle Lizzie Morgan Website: www.itv.com; investor information: www.itvplc.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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