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Read this: Discovery Networks and Scripps in running for Virgins UKTV stake | Media | guardian.co.uk

Summary: It is thought that a deadline for final bids set for around the middle of last month was extended as the remaining bidders sought more time to try to solve outstanding issues, other than the sale price, before tabling a deal. This is likely to sustain the business, which has a turnover of about 200m a year, and in particular Gold, for about 20 years. Discovery has the benefit of having worked with the BBC as a commercial partner since 1997 in the joint venture and has just extended the factual programming co-production element of the relationship until 2014. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  Discovery Networks and Scripps in runnin…



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