Read this: BBC receives £500m offer for UKTV - Media - theguardian.com
Summary: It is understood that Scripps has made multiple attempts to convince BBC Worldwide to sell up, with the best offer thought to be in the region of 500m. This option was never exercised, as BBC Worldwide lacks the financial muscle or flexibility within its 350m borrowing facility. UKTV made a healthy operating profit of 71m last year, albeit flat year-on-year, with Scripps boosting programme investment to a record high of 110m. - theguardian.com
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