16th Nov 2007 16:26
ITV PLC16 November 2007 November 16 2007 For immediate release ITV SELLS STAKE IN MUTV TO MANCHESTER UNITED ITV plc today announced it has sold its one-third share in Manchester UnitedTelevision (MUTV) to Manchester United for a cash consideration of £3.3m.Manchester United now owns two thirds of the company, with the remaining thirdowned by BSkyB. Tom Betts, Commercial and Acquisitions Director at ITV, said: "This is another step in ITV's ongoing non-core asset disposal programme, whichhas seen us successfully raise over £500 million since the merger in 2004. Weleave MUTV in great shape and wish them every ongoing success for the future." Ends. Notes to editors MUTV was launched in 1998 and is available in the UK and Ireland by subscriptionon satellite and cable platforms. The channel is also available in over 30other countries around the world through a combination of subscription or asprogramming blocks purchased by international broadcasters. In total MUTV isavailable to 40 million households across the globe. MUTV employs 60 staff andcurrently operates from offices in central Manchester, a studio at the Club'straining ground at Carrington and from its facilities within the famous OldTrafford stadium. For further enquiries please contact: ITV plcTel: 0844 8818000Press enquiriesHannah Bailey - Corporate Communications ManagerJim Godfrey - Director of Corporate AffairsInvestor enquiriesGeorgina Blackburn - Head of Investor Relations Tulchan CommunicationsTel: 0207 353 4200Andrew GrantSusannah VoyleDavid Allchurch 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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