UTV Media set to return €77 million to shareholders

The sale of UTV's TV assets to ITV will be completed by the end of the first quarter next year

13th November, 2015
UTV Media is set to return 77 million to shareholders

UTV Media is set to return up to €77.8 million to its shareholders after the sale of its television assets, including UTV Ireland, to ITV.

UTV is expected to receive net cash proceeds of £98 million from the sale after fees. Some of the proceeds from the sale will be used to pay down some of its debt, which totals £60.2 million,

It proposes to return at least £40 million in cash to shareholders, 41...

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