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Read this: Three bidders in running for Virgin Medias UKTV stake | Media | guardian.co.uk

Summary: However, it is constricted by a loan facility of 218m, out of which it had drawn down 134m at the end of last year. BBC Worldwide is in line to significantly boost its coffers with the sale of a majority stake of its magazines operation, but this is not likely to be completed before what is thought to be an end-of-the-year deadline for Virgin Media to offload its stake. The major issue with any potential deal is that the new joint owner will have to be the junior partner and acceptable to BBC Worldwide and its chief executive, John Smith. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  Three bidders in running for Virgin Medi…



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