Read this: BBC to take control of UKTV in £200m deal with Discovery
Summary: UKTV, which runs a mix of 10 free-to-air and pay-TV channels, is jointly owned by Discovery and BBC Studios, the commercial arm of the BBC. Under the terms of the deal the BBC will take control of seven of the UKTV channels - while Discovery will get Good Food, Eden and Really - for almost 200m. The BBC has agreed to pay about 100m in cash, take on about 70m of debt from UKTV, and also give Discovery a 10m share of the dividend that UKTV has amassed in its current financial year. The BBC has used a combination of cash, debt and a content deal to take control of UKTV because it does not have the financial firepower for a straight buyout of Discovery. - www.theguardian.comwww.theguardian.comBBC to take control of UKTV in £200m de…
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